JPA/Oakland As Proposed Agreement v.

City of Oaklands Proposed Agreement

July 3, 2014
JPA/As Proposed Agreement

City of Oakland Proposed Agreement

ANNUAL FEES
2014: $1.75M
2015: $1.25M (JPA entitled to $1.75M under
current agreement)
2016-2019: $1.5M
2020-2024: $1.25M

ANNUAL FEES
2014: $1.75M
2015-2025: At least $1.75M per year

Total dollars: $15.25 million

Total dollars: At least $21 million

GUARANTEED MINIMUM TERM

Team required to stay 2 years after end of
current agreement, which ends Dec. 31, 2015

GUARANTEED MINIMUM TERM

Team required to stay 4 years after end of
current agreement, which ends Dec. 31, 2015

EARLY TERMINATION
As can give notice on Jan. 1, 2016
Earliest departure date: Dec. 31, 2017

EARLY TERMINATION
As can give notice on Jan. 1, 2017
Earliest departure date: Dec. 31, 2019

LEGAL CLAIM FOR MONEY OWED TO

TAXPAYERS
JPA releases its legal claim for $6 million for
As withholding and deducting parking taxes
from annual fees required under agreement.

LEGAL CLAIM FOR MONEY OWED TO

TAXPAYERS
JPA releases its legal claim for $6 million for
As withholding and deducting parking taxes
from annual fees required under agreement.

JPA receives no consideration for dismissing its If JPA terminates early, JPA deducts $5 million
claim.
from amount owed to the As for new
scoreboard as consideration for dismissal of
legal claim.
SECURITY DEPOSIT
None

SECURITY DEPOSIT
$1.75 million in form of letter of credit to
protect JPA from team withholding rent.

ADVERSTISING
JPA gets no revenue from interior-facing fixed
advertising displays.

ADVERTISING
JPA receives revenue from interior-facing fixed
advertising displays from non-baseball events.
Team gets revenue during baseball season and
during As events.

STADIUM LICENSE AGREEMENT

OAKLAND-ALAMEDA COUNTY COLISEUM AUTHORITY
and

ATHLETICS INVESTMENT GROUP LLC

EXECUTION COPY
Oakland City Administrator/City Attorney Version
(July 2, 2014)

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TABLE OF CONTENTS
1.

GENERAL MUTUAL RELEASE OF ALL CLAIMS .............................................. 1

2.

BACKGROUND ............................................................................................................ 1
2.1. Licensor. .................................................................................................................. 1
2.2. Licensee. . .................................................................................................................1
2.3. Previous License. .....................................................................................................1

3.

CONDITION OF AREAS OF COMPLEX LICENSED FOR USE:

REPRESENTATIONS AND WARRANTIES ............................................................... 1
3.1. Licensor Representations and Warranties.. ............................................................... 1
3.2. Licensor Indemnification.. ........................................................................................ 2

4.

AREAS LICENSED....................................................................................................... 2
4.1.Grant of Rights. ...........................................................................................................2
4.1.1. Exclusive Use.................................................................................................2
4.1.2. Non-Exclusive Use ........................................................................................3
4.2. Home Games. . .........................................................................................................3
4.3. Parking Area.. ..........................................................................................................3
4.4. Licensor Uses.. .........................................................................................................3
4.5. Exclusive for Professional Baseball.........................................................................3
4.6. Nature of Interest Granted to Licensee.. ..................................................................3
4.7. Revenue Generation. ................................................................................................4
4.7.1. Revenues. .......................................................................................................4
4.7.2. Operations and Contracts.. .............................................................................4

5.

STADIUM MANAGEMENT ....................................................................................... 4

5.1

Equipment. ...............................................................................................................4

5.2

License to Operate. ..................................................................................................5

5.3

Certain Systems. .....................................................................................................5

5.4

Personnel.. ................................................................................................................5

5.5

Playing Field.. ..........................................................................................................5

5.6

Security. ...................................................................................................................6
5.6.1 Parties to Cooperate on Security Matters........................................................6

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5.6.2 Licensor Provision of Additional Security.. ...................................................6

5.6.3 Enhanced Lighting.. ........................................................................................6
5.7

Licensor Maintenance and Repairs. .........................................................................7

5.7.1

Stadium Maintenance Fund. ........................................................................7

5.7.2

Stadium Maintenance Fund Not a Limitation or Cap. .................................7

5.7.3

Licensor Responsibilities. ............................................................................7

5.7.3.1 Maintenance and Repair. .................................................................7
5.7.3.2 ADA Compliance.............................................................................9
5.7.3.3 Field Turf. ........................................................................................9
5.7.3.4 Use Of Third-Party Consultant for Informal Resolution
of Maintenance and Repair Disputes .............................................10
5.7.3.5 Expedited Process for Binding Resolution of Maintenance
and Repair Disputes. ......................................................................10

5.7.4

Licensee Right to Maintain or Repair. .......................................................10

5.8

General Condition of Stadium. ..............................................................................10

5.9

Alteration of the Stadium.. .....................................................................................10

5.10 Scheduling..............................................................................................................11
5.10.1. Notice of Dates.. ........................................................................................11
5.10.2. Other Events...............................................................................................11
5.10.3 Exclusive Right to Stadium Use.. ..............................................................12
5.10.4 Protected Dates.. ........................................................................................12
6.

PARKING AND ACCESS AREA .............................................................................. 12

6.1

Maintenance, Repairs and Cleaning.. ....................................................................12

6.1.1. By Licensor.. ..............................................................................................12
6.1.2. By Licensee.. ..............................................................................................13
6.1.3. Unauthorized Merchandise Sales.. .............................................................13

6.2. Revenues.. ..............................................................................................................13

6.3. Dual Event Parking.. ..............................................................................................13
7.

TERM AND TERMINATION ................................................................................... 13

7.1. Term. . ...................................................................................................................13
7.2. Early Termination Rights.. .....................................................................................13

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7.2.1. By Licensee.. ..............................................................................................13

7.2.2. By Licensor.. ..............................................................................................14
8.

LICENSE FEES ........................................................................................................... 15

8.1. License Fees... ........................................................................................................14
8.1.1. Security Deposit... ........................................................................................15
8.2. Prohibition on Deductions.. ...................................................................................15

9.

LICENSEE COVENANTS ......................................................................................... 16

10.

RADIO AND TELEVISION....................................................................................... 16

10.1. Radio. ...................................................................................................................16
10.2. Television.. .............................................................................................................16
10.3. Online and Other Forms of Media.. .......................................................................16
10.4. Identification.. ........................................................................................................17
10.5. Rights of Others.. ...................................................................................................17
10.6. No Licensor Rights.. ..............................................................................................17
10.7. Media Access.. .......................................................................................................17

11.

ADVERTISING ........................................................................................................... 17
11.1. Attraction Panel and Freeway Marquee. ................................................................17
11.2. Stadium Display Equipment. .................................................................................17
11.2.1. Licensor Consultation.. ..............................................................................18
11.2.2. Structural Work.. ........................................................................................19
11.3. Rights and Revenues. .............................................................................................19
11.3.1. Licensees Rights.. .....................................................................................19
11.3.2. Raiders Signage.. ......................................................................................19
11.3.3. Licensor Retained Rights.. .........................................................................20
11.3.3.1 Licensors Use of Scoreboard Caps .............................................20
11.3.3.2 Removal or Substitution of Scoreboard Caps.. ............................21
11.3.4. Terms, Conditions and Restrictions.. .........................................................22
11.4 Operation and Maintenance of Equipment and Displays. .....................................23
11.4.1. Licensee Events.. .......................................................................................23
11.4.2. Licensor Events..... 23

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11.5.Installation and Alteration of New Equipment and Displays. ................................23

11.6 Term of Advertising Agreements. .........................................................................24
11.7. Content of Advertising. ..........................................................................................24
11.8. Stadium Name. .......................................................................................................24
12.

CONCESSIONS ........................................................................................................... 25
12.1. Food and Beverage. ...............................................................................................25
12.2. Concessions Control. .............................................................................................25
12.3. Concessions Revenues. ..........................................................................................25
12.4. Concessions Vendor...............................................................................................25

13.

TICKETS ................................................................................................................... 26
13.1. Licensee Control.. ..................................................................................................26
13.2. Ticket Revenues.. ...................................................................................................26

14.

STADIUM BOXES ...................................................................................................... 26

14.1. License. ..................................................................................................................26
14.2. Oakland As Owners Suite.. .................................................................................26
14.3. Special Use Stadium Boxes.. .................................................................................26
14.4. Licensees Sublicense of Stadium Boxes.. ............................................................26
14.5. Licensor Use.. ........................................................................................................26

15.

INTELLECTUAL PROPERTY ................................................................................. 27

15.1. MLB Marks. ...........................................................................................................27
15.2. Team Marks. ..........................................................................................................27
15.3. Licensor Marks.. ................................................................................................... 27
15.4. Use of Stadium/Complex Names and Images. ..................................................... 28

16.

ASSIGNMENT ............................................................................................................. 28
16.1. Only Upon Consent................................................................................................28
16.2 Licensees Lenders.................................................................................................29

17.

DAMAGE AND DESTRUCTION ............................................................................. 29

17.1. Major Damage Repairable.. ................................................................................29
17.2. Major Damage Not Repairable.. .........................................................................30
17.3. Less Than Major Damage.. ....................................................................................31

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17.4. Damage Liability.. .................................................................................................31

17.5. Property Owned by Licensee.. ...............................................................................31
18.

INSURANCE ................................................................................................................ 31
18.1. Licensors Insurance.. ............................................................................................31
18.1.1 Workers Compensation. ...........................................................................32
18.1.2 CGL............................................................................................................32
18.1.3 Automobile Liability Insurance.: ...............................................................32
18.1.4 Umbrella Liability Insurance.: ...................................................................32
18.2. All Risk Insurance. .............................................................................................32
18.3. General Conditions.. ..............................................................................................32
18.4. Licensee/League-Wide Insurance.. ........................................................................33
18.5. Mutual Release and Waiver of Subrogation.. ........................................................33
18.6. Certificate of Insurance.. ........................................................................................34

19.

INDEMNIFICATION ................................................................................................. 35
19.1 Indemnification by Licensee.. ................................................................................35
19.2 Indemnification by Licensor.. ................................................................................35
19.3 Indemnification Procedure.. ...................................................................................35
19.4 Obligation Reduced By Other Recovery.. .............................................................35

20.

TAXES, ASSESSMENTS AND OTHER IMPOSITIONS ...................................... 35

20.1 Taxes and Assessments.. ........................................................................................35
20.1.1. Property Taxes and Assessments.. .............................................................35
20.1.2 Licensees Responsibility to Pay All Taxes...............................................35
20.2 Other Impositions...................................................................................................36

21.

LICENSEES INSOLVENCY OR BANKRUPTCY .................................................36

22.

DEFAULT ....................................................................................................................37
22.1 Licensees Defaults. ...............................................................................................37
22.1.1 Acts Constituting Default. .........................................................................37
22.1.2 Cure Period for Monetary Defaults............................................................37
22.1.3 Cure Period for Other Curable Defaults. . ................................................37
22.1.4 Defaults Not Capable of Cure.. ..................................................................37

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22.2 Licensors Remedies.: ............................................................................................38

22.2.1 Right to Injunctive and Other Equitable Relief. ........................................38
22.2.2 Right to Terminate Upon Notice. .............................................................38
22.2.3 Right to Enter and Remove.. ......................................................................38
22.2.4 Licensors Right to Cure Default.. .............................................................38
23.

CONDEMNATION ..................................................................................................... 39
23.1 Area Taken.. ...........................................................................................................39
23.2 Partial Taking.. .......................................................................................................39
23.3 Award ....................................................................................................................39

24.

PARTIES AS INDEPENDENT CONTRACTORS ...................................................39

25.

NON-WAIVER .............................................................................................................39

26.

WAIVER OF PERSONAL LIABILITY ....................................................................40

27.

FORCE MAJEURE ..................................................................................................... 40

27.1 Description.. ...........................................................................................................40
27.2 Effect.. ....................................................................................................................40
27.3 Right to Use. . .......................................................................................................41

28.

[RESERVED] ............................................................................................................... 41

29.

CALIFONIA LAW ...................................................................................................... 41

30.

PARAGRAPH HEADINGS ........................................................................................ 41

31.

INTEGRATION ........................................................................................................... 42

32.

AMENDMENTS .......................................................................................................... 42

33.

TIME AND NOTICE .................................................................................................. 42

33.1. Time. ....................................................................................................................42
33.2. Form. ....................................................................................................................42

34.

BINDING AND INUREMENT EFFECT .................................................................. 42

35.

PAYMENTS ................................................................................................................. 43

36.

RIGHT OF ENTRY ..................................................................................................... 43

37.

COMPLIANCE WITH LAWS................................................................................... 43

38.

ARBITRATION ........................................................................................................... 43
38.1. JAMS .................................................................................................................. 43

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38.2. Attorneys Fees and Costs. ................................................................................... 44

39.

SEVERABILITY ......................................................................................................... 44

40.

MLB RULES AND REGULATIONS ........................................................................ 44

40.1. Priority of MLB Rules. ......................................................................................... 44
40.1.1. MLB Entities/Licensor Rights.. .................................................................44
40.1.2. No Termination During Baseball Season.. ................................................44
40.1.3. MLB Approval.. .........................................................................................45
40.2. Amendments to Conform to MLB Rules.. .............................................................45

41.

CONSENT ................................................................................................................... 45

42.

MISCELLANEOUS .................................................................................................... 45
42.1. Athletic Facilities Warning.: ..................................................................................45
42.2. Licensees Office Space.. .......................................................................................45
42.3. Community Affairs.. ..............................................................................................46
42.4. Execution in Counterparts......................................................................................46
42.5. No Third Party Beneficiary.. ..................................................................................46
42.6. Effectiveness.. ........................................................................................................46

43.

CONTINUED STADIUM DISCUSSIONS................................................................ 46

44.

DEFINITIONS. ............................................................................................................ 46
44.1. ADA Issue. ........................................................................................................ 47
44.2. Affiliate. ............................................................................................................ 47
44.3. Areas Licensed. ..................................................................................................46
44.4. Arena Event. .......................................................................................................46
44.5. Baseball Season. .................................................................................................47
44.6. BOC. ...................................................................................................................47
44.7. Bodily Injury. .....................................................................................................47
44.8. Commissioner. ....................................................................................................47
44.9. Display Equipment. ............................................................................................47
44.10.Dual Event Day . ...............................................................................................47
44.11. Home Game ......................................................................................................48

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44.12. Home Television Territory. ..............................................................................48

44.13. Interior Facing. .................................................................................................48
44.14. Liabilities ..........................................................................................................48
44.15. Licensee Event. ................................................................................................48
43.16. Licensor Event ..................................................................................................48
44.17. Maintain and Maintenance............................................................................48
44.18. Major League Baseball or MLB. ..................................................................49
44.19. Major League Baseball Club or Major League Club. ...................................49
44.20. Major League Constitution...............................................................................49
44.21. MLB Agency Agreement .................................................................................49
44.22. MLB Approval. ................................................................................................49
44.23. MLB Entity.......................................................................................................49
44.24. MLB Governing Documents. ...........................................................................49
44.25. MLB Rules and Regulations ............................................................................50
44.26. Oakland As Community Fund ........................................................................50
44.27. Operating Territory...........................................................................................50
44.28. Other Event.......................................................................................................50
44.29. Parking Area. ....................................................................................................50
44.30. Person. ..............................................................................................................50
44.31. Property Damages ............................................................................................50
44.32. Raiders Construction Plan. ...............................................................................50
44.33. Regular Season. ................................................................................................51
44.34. Repair. ..............................................................................................................51
44.35. Scoreboard Caps. ..............................................................................................51
44.36. Signature Date ..................................................................................................51
44.37. Stadium. ............................................................................................................51
44.38. Stadium Maintenance Fund. .............................................................................51
44.39. Team .................................................................................................................51
44.40. Term. ................................................................................................................51

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This Stadium License Agreement (License), effective as of the Signature Date, as

defined herein, is entered into between Oakland-Alameda County Coliseum Authority
(Licensor or Authority) and Athletics Investment Group LLC d/b/a the Oakland Athletics
(Licensee) (together with Licensor the Parties, each respectively a Party). All exhibits
hereto are fully incorporated herein by this reference.
1.

GENERAL MUTUAL RELEASE OF ALL CLAIMS

The Parties acknowledge that, separate and apart from the License, but as a condition of
entering into the License, they are entering into a General Mutual Release and Waiver, dated as
of or about the same date as the Signature Date, with respect to certain disputes as more
particularly described therein.
2.

BACKGROUND

2.1.
Licensor. Licensor has the right to operate and manage the Oakland-Alameda
County Coliseum Complex located on real property adjoining the Nimitz Freeway, Hegenberger
Road and 66th Avenue, which has been improved with an arena (the Arena), stadium (the
Stadium), parking area (the Parking Area) and related roadways and other facilities
identified on attached Exhibit A (Complex). Licensor has the right to grant all rights to
Licensee granted in this License, subject to the acknowledgement and approval of this License
by the City of Oakland (City) and the County of Alameda (County), as owners of the fee
interests in the real property comprising the Complex.
2.2.
Licensee. Licensee owns and operates the Major League Baseball Club currently
known as the Oakland Athletics (Team).
2.3.
Previous License. The Parties acknowledge and agree that this License replaces
and supersedes for all purposes the Parties Amended and Restated Stadium License Agreement
dated October 31, 1995, as thereafter amended by the First through Eighth Amendments thereto
(collectively, the 1995 License Agreement).
3.

CONDITION OF AREAS OF COMPLEX

REPRESENTATIONS AND WARRANTIES

LICENSED

FOR

USE:

3.1.
Licensor Representations and Warranties. Licensor understands that it is
paramount that the Areas Licensed be equipped to handle all crowds in a safe manner throughout
the Term. Except for conditions or deficiencies known only to Licensee and not reported to
Licensor, and except for the condition of any systems, improvements, fixtures or equipment

#30903927_v6

installed by or contracted to be installed by Licensee and that Licensee is required hereunder to

Maintain and Repair, Licensor represents and warrants to Licensee that Licensor has performed
all work that is reasonably necessary to confirm that: (i) the Areas Licensed, and all parts thereof,
are equipped to host in a safe manner the size and nature of the crowds and events expected by
the Parties during 2014; and (ii) it is reasonable to expect that through the Parties reasonable
diligence and performance of the Maintenance and Repairs to which this License obligates them,
the Areas Licensed will continue for the remainder of the Term to be equipped to host all crowds
safely and to accommodate all events that are expected throughout the Term. Licensor further
represents and warrants to Licensee that Licensor shall notify Licensee immediately if Licensor,
at any point during the Term, discovers or reasonably suspects that the Areas Licensed are not
equipped to safely host such expected crowds and events. Absent such notification to Licensee,
Licensors representations and warranties contained in subparagraph (i) above shall reaffirm as
of January 1, 2015 for the 2015 calendar year and as of January 1st of each year in the Term
thereafter, for those respective calendar years. Licensee shall immediately report any unsafe
condition that becomes known to it to the Licensor in writing, whether or not Licensee believes
that such condition is known to the Licensor.
3.2.
Licensor Indemnification. In addition to its other indemnification obligations
provided in this License, Licensor shall indemnify, defend, pay and hold Licensee and its
Affiliates, and the respective owners, parents, officers, agents, employees, directors, shareholders
and partners of each, and the respective successors and permitted assigns of Licensee and its
Affiliates (collectively, Indemnified Licensee Parties) harmless for, from and against any and
all Liabilities, including for any Bodily Injury or Property Damage, caused by the breach of any
of Licensors representations and warranties provided in Paragraph 3.1; provided that such
indemnity shall not apply to the extent any such Liabilities are caused by the negligence or
willful misconduct of the Indemnified Licensee Parties nor to the extent the Indemnified
Licensee Parties have expressly undertaken the obligation to indemnify Licensor for such
Liabilities pursuant to the terms of this License.
4.

AREAS LICENSED
4.1.

Grant of Rights.

4.1.1. Exclusive Use. Subject to the terms and conditions of this License,
Licensor grants to Licensee the exclusive right to use (a) the Stadium during the Baseball Season
and (b) any areas of the Complex that are being used exclusively by Licensee as of the Signature
Date, including without limitation the Oakland As locker room, any offices or suite of offices
and fixed location ticket offices occupied by Licensee for the conduct of its business as of the
Signature Date, the two retail spaces located near Stadium Sections 105 and 129, and any storage
used exclusively by Licensee as of the Signature Date.

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4.1.2. Non-Exclusive Use. Licensee and Licensor shall have concurrent use of
common areas to facilitate use of the Stadium. Subject to Paragraph 4.1.1, Licensor grants to
Licensee a non-exclusive right of access to all areas of the Complex, other than the Arena, when
and if necessary to conduct Licensees business at the Complex, provided that Licensee shall not
access any such area in any way that will interfere with Licensors rights or the rights of any
other proper licensee of the Stadium or the Arena.
4.2.
Home Games. Licensee will use the Stadium for all of Teams Home Games
scheduled by MLB (subject to any changes by MLB to such schedules) to be played within the
Teams Operating Territory.
4.3.
Parking Area. Licensor grants Licensee the right to use the entire Parking Area
for all Licensee Events, except that on such days Licensor may retain for itself parking sufficient
for Licensors operations. Licensor reserves the right to use the entire Parking Area on all other
days, except that on such days Licensor shall make available to Licensee parking sufficient for
Licensees operations. Notwithstanding the foregoing, however, the Parties understand the
importance of cooperation with respect to the Parking Area given the varying events that occur at
the Complex and the presence of multiple parties at the Complex. The Parties therefore agree to
use their best efforts to work with one another to resolve all parking related matters, with the
intention that unless the Parties hereafter mutually agree on changes thereto, administration of
the Parking Area shall work in materially the same manner as the Parties administered the
Parking Area in 2013.
4.4.
Licensor Uses. Licensor shall have the right to use all areas of the Stadium
contemporaneously with Licensee so as to perform any of Licensors obligations under this
License, but shall not unreasonably interfere with Licensees use.
4.5.
Exclusive for Professional Baseball. Licensee, so long as it is not in default
under this License, shall have the exclusive right to play professional baseball games in the
Stadium.
4.6.
Nature of Interest Granted to Licensee. The Parties hereby acknowledge and
agree that none of the licenses or other rights granted by Licensor to Licensee pursuant to this
License is or constitutes for any purpose an interest or estate in any real property, including
without limitation the land and improvements constituting the Complex.

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4.7.

Revenue Generation.

4.7.1. Revenues. Licensee shall control, collect, receive and retain all revenues
deriving from its operations, including but not limited to all revenues from ticket sales and
distribution, merchandise sales, product and other retail sales, concessions (subject to Paragraph
12), novelties, parking (subject to Paragraph 6), telecast and broadcast rights, pouring rights,
advertising, sponsorship, promotional and signage rights (subject to Paragraph 11), asset-specific
branding rights to internal Stadium areas, luxury suite sub-licenses and any other revenues,
consideration, barter, trade, in-kind or other benefits however derived or generated by Licensee,
the Team and/or by Licensee Events and Other Events. Licensor shall control, collect, receive,
retain or permit licensees other than the Licensee to retain all other revenues, including but not
limited to all revenues from ticket sales and distribution, Stadium naming rights, merchandise
sales, product and other retail sales, concessions (subject to Paragraph 12), novelties, parking
(subject to Paragraph 6), telecast and broadcast rights, advertising, sponsorship, promotional and
signage rights (subject to Paragraph 11), luxury suite sub-licenses and any other revenues,
consideration, barter, trade, in-kind or other benefits however derived or generated by Licensor
and/or Licensor Events, Arena Events and/or retained rights under Paragraph 11.3.3.
4.7.2. Operations and Contracts. Licensee, in its sole discretion and subject to
this License and applicable law, may take any and all actions and utilize any and all processes it
deems appropriate to exercise its revenue generation rights, including but not limited to hiring
third parties, to whom Licensee may grant a limited sub-license to enter the Areas Licensed to
perform tasks as directed by Licensee. Licensor, in its sole discretion and subject to this License
and applicable law, may take any and all actions and utilize any and all processes it deems
appropriate to exercise its revenue generation rights, including but not limited to hiring third
parties or assigning or otherwise transferring its revenue generation rights to third-parties, and in
doing so, Licensor may grant any and all licenses or delegate any and all powers or privileges
that, as the operator and manager of the Complex for the City and County, it may wish to grant
or delegate.
5.

STADIUM MANAGEMENT

5.1.
Equipment. Licensor shall provide dugouts, bullpen areas, outfield fences, home
plate backstops, foul ball netting, and foul poles of types, construction and quality substantially
similar to their equivalents in other stadiums used to host MLB Championship Season games, a
public address system of sufficient quality to broadcast live announcements and other audio
programming at Licensee Events (but no less of a public address system than exists as of the
Signature Date), adequate lighting and a press box area reasonably consistent with industry
standards and any applicable MLB requirements. Licensee shall provide all other equipment,
on-field surface improvements, furniture and furnishings necessary for MLB games and all

#30903927_v6

equipment required for electronic media broadcasting and telecasting services for baseball. Each
Party, at its own expense, shall Maintain and Repair all equipment, furniture and furnishings
provided by it. Nothing in this Paragraph 5.1 relieves Licensor of any of its obligations set forth
in Paragraph 5.7 and its subparagraphs.
5.2
License to Operate. Licensee shall provide or cause to be provided all goods and
services necessary to operate the Stadium for Licensee Events and Licensor or its designee shall
provide or cause to be provided all goods and services necessary to operate the Stadium for
Licensor Events. Such goods and services shall include but not be limited to heat, electricity,
water, gas, sewage, janitorial and rubbish removal. The Parties shall administer and allocate the
foregoing charges as they administered and allocated such charges during the 2013 calendar
year, including that (a) Licensee shall be charged only the properly measured allocation of
metered utilities used on days of Licensee Events and (b) Licensees charges for electricity shall
be limited to (i) the dates on which Licensee Events are held at the Stadium and (ii) the day
preceding each of Teams homestands.
5.3
Certain Systems. Licensee and Licensor shall each be responsible for their own
telephone systems, internet systems and equipment used in the Stadium.
5.4
Personnel. Except as otherwise provided in this License, Licensee shall provide
all personnel required for a Licensee Event. By way of example such personnel may include but
not be limited to ticket sellers, ticket takers, ushers, security and traffic officers, janitors working
during an event, laborers, stagehands, engineers, matrons, nurses and supervisors, and a public
address announcer.
5.5
Playing Field. Subject to Licensors obligations under Paragraph 5.7.3.3,
Licensee, at its cost, shall provide qualified personnel at all times during the Baseball Season to
prepare the playing field to a condition meeting MLB standards. Licensee shall have the right to
direct the manner in which the playing field is maintained so that all detail and finishing work
necessary to maintain or alter the playing characteristics of the playing field are performed as
directed by Licensee. Licensee shall pay all costs and expenses to prepare and maintain the
playing field throughout the Term, except that Licensor shall pay all costs incurred to prepare the
field for any Licensor Event and to restore the playing field to its required condition for Home
Games as a result of a Licensor Event.
5.6

Security.

5.6.1 Parties to Cooperate on Security Matters. Licensor and Licensee agree

that security at the Complex is a very important matter. The Parties acknowledge that any
security issues at the Complex create risk to both Parties and impact the image of the Complex

#30903927_v6

and the Parties. The Parties agree to cooperate with one another on all Complex security
programs in order to maintain the security quality at the Complex as of the Signature Date, to
minimize security risks at the Complex and to increase security at the Complex in compliance
with any standards implemented by MLB.
5.6.2 Licensor Provision of Additional Security. Licensee shall provide
security sufficient to cover all Licensee Events. If Licensee requests that Licensor provide any
security for Licensee Events beyond the level of security that the Licensee provides at Licensee
Events, such security may be provided by Licensor only on the condition that Licensor is first
able to obtain from Licensee a mutually agreeable executed contract which specifies, among
other things, payment provisions, the specific nature of the security to be provided, all
appropriate limitations on Licensors obligations, and all appropriate indemnification to
Licensor. In any case, Licensee shall also have the obligation to promptly pay or reimburse
Licensor for the costs and expenses of any such Licensor-provided security upon Licensees
receipt of an invoice from Licensor reflecting the costs and expenses incurred by Licensor for the
requested additional security for Licensee Events. Licensee shall reimburse Licensor promptly
after receipt of proper invoices for all of Licensors costs of increased security personnel for
Licensee Events over such security maintained by Licensor at times when no events are held at
the Stadium. Licensor shall continue to provide security at the Complex generally in
substantially similar form as it did during 2013, and the parties will work together in good faith
to effectuate this Paragraph 5.6 with the intention that security matters proceed in the same
fashion as they did during 2013.
5.6.3 Enhanced Lighting. Licensor acknowledges the need for additional and
improved lighting in certain areas in and around the Stadium, particularly the Parking Area.
Within twelve (12) months of the Parties agreeing on the scope of the enhanced lighting that is
needed, Licensor shall undertake and complete the installation of all additional and improved
lighting that is needed in order to bring such lighting to an enhanced condition mutually
agreeable to the Parties. The Parties agree, however, that the total cost to Licensor of this
lighting project shall not exceed One Million Five Hundred Thousand Dollars ($1,500,000.00).
5.7

Licensor Maintenance and Repairs.

5.7.1 Stadium Maintenance Fund. In each year of the Term, Licensor shall
provide in its budget for a Stadium Maintenance Fund in the amount of at least One Million
Dollars ($1,000,000.00). The Stadium Maintenance Fund shall be used for Licensors
Maintenance and Repairs required hereunder. Following the first year of the Term, Licensor
shall increase the amount of the Stadium Maintenance Fund by increasing the preceding years
budgeted amount by at least five percent (5%). Subject to Licensees obligations under
Paragraph 5.8, which obligations Licensee must continue to discharge at its own cost, for each

#30903927_v6

year of the Term Licensee may direct Licensors use of budgeted Maintenance and Repair funds
up to One Hundred Fifty Thousand Dollars ($150,000.00) for Maintenance and Repairs
requested by Licensee to be performed by Licensor (including that Licensee may earmark all
or part of such funds for work to occur in future years; provided, however, that no more than
$150,000.00 may be earmarked for any particular future year). To facilitate and enable Licensee
to exercise its right to direct the use of certain funds each year, Licensor will provide quarterly
reports to account for the uses of budgeted funds in the Stadium Maintenance Fund in the
preceding quarter.
5.7.2 Stadium Maintenance Fund Not a Limitation or Cap. The Parties agree
that the Stadium Maintenance Fund is an annual budgeting mechanism designed to ensure that a
certain amount of funds is available each year for Maintenance and Repairs and to facilitate
tracking of Maintenance and Repair expenditures. Licensor acknowledges that the existence of
the Stadium Maintenance Fund does not limit its Maintenance and Repair obligations or put a
maximum limit on the amount that it must spend for Maintenance and Repair work. Licensor
further acknowledges that compliance with those obligations may require expenditures
exceeding the amount in the Stadium Maintenance Fund in any given year.
5.7.3

Licensor Responsibilities.

5.7.3.1 Maintenance and Repair. Licensor, at all times during the Term,
shall perform all Maintenance and Repairs of the Stadium (except such items as Licensee
Maintains and Repairs as specifically provided herein), including specifically Maintenance of
and Repairs of the following associated areas, structures and equipment:

#30903927_v6

(a)

All structural parts of the Stadium including the roof,

windows, walls, floors, pillars and columns;

(b)

The electrical system including all electrical light

standards, light fixtures and wall sockets but not including
light bulbs or moveable electrical equipment;

(c)

The heating, ventilating and air conditioning systems;

(d)

The plumbing systems including without limitation all

pipes and plumbing fixtures such as sinks, toilets and water
fountains;

(e)

The Parking Area and underground utilities (to the extent

such utilities are under the direct or indirect control of
Licensor) subject to Paragraph 6 and its subparagraphs;

(f)

The Stadium seats;

(g)

The field drainage system;

(h)

All elevators and escalators;

(i)

All sound systems and related equipment, except in

connection with any new audio components that Licensee
installs as part of the Display Equipment Project, which
shall be Maintained and Repaired by Licensee as provided
within Paragraph 11.4;

(j)

All Stadium televisions and all amplifier and other systems

feeding to such televisions;

(k)

All cabling of any nature within the Stadium except cabling

installed and used exclusively by Licensee;

(l)

Licensees office space and storage provided pursuant to

this License and all items and systems of the type listed in
subparagraphs (a) through (k) above that affect and/or are
used within Licensees office space and storage; and

(m)

All other property, systems, equipment and fixtures

currently maintained and repaired by Licensor, owned by
Licensor or installed at Licensors direction.

Licensors Maintenance and Repair obligations shall not include the furniture, fixtures,
computers or other equipment of Licensee or of any concessionaire. Licensor shall not charge
Licensee any amounts related to Licensors obligations, but in the event that Licensor is required
to Repair any of the items described above as a result of Licensees negligence or willful
misconduct, Licensee shall pay the costs of such Repair.
5.7.3.2 ADA Compliance. Licensor shall ensure that all Complex
structures comply with the Americans with Disabilities Act of 1990 (ADA), as now and
hereafter amended, and any and all other similar requirements under applicable laws. Licensor

#30903927_v6

shall pay for and diligently complete any required modifications to any or all structural parts of
the Complex necessary to comply with such laws (including without limitation changes to such
laws or the interpretation of such laws by any regulatory or quasi-judicial body with jurisdiction
over the Complex). Notwithstanding the preceding sentence, Licensee shall remain obligated to
make any operational changes that may be necessary to ensure ADA compliance, if possible
given the Stadiums structure and configuration. Provided, however, that subject to applicable
law and to Licensors continued obligation to perform all obligations of the Class Action
Settlement Agreement signed by the Parties in or about June 1999 (the Class Action Settlement
Agreement), Licensor shall not be required to make any modifications to any fixtures,
improvements or structural parts of the Stadium (such as the field level seats) that are expressly
permitted to remain unmodified by applicable provisions of the Class Action Settlement
Agreement.
5.7.3.3 Field Turf. Licensor shall at its sole cost and expense re-sod the
field turf of the Stadium (a) before each Baseball Season within the Term and (b) in the event so
required in writing by MLB or if in Licensees reasonable judgment, replacement of all or
substantially all of such area is required to comply with any standards imposed by MLB.
Notwithstanding the foregoing, there shall be no re-sodding required of Licensor outside of the
Baseball Season if no Licensor Events occur outside of the Baseball Season.
5.7.3.4 Use of Third-Party Consultant for Informal Resolution of
Maintenance and Repair Disputes. Should any dispute arise that involves Licensors
Maintenance and Repair obligations under Paragraph 5.7.3 and that involves either individually
or cumulatively in any annual period at least Seventy-Five Thousand Dollars ($75,000.00) in
controversy, the Parties will jointly retain a mutually agreeable independent third-party
consultant having expertise appropriate to the matters in dispute, and instruct that consultant to
review the matter or matters in controversy and issue written recommendations. The costs of the
consultant will be shared by the Parties on a 50/50 basis. Although the consultants
recommendations will not be binding, the Parties will endeavor in good faith to abide by the
recommendations.
5.7.3.5 Expedited Process for Binding Resolution of Maintenance and
Repair Disputes. Any dispute that involves Licensors Maintenance and Repair obligations
under Paragraph 5.7.3 and that involves either individually or cumulatively in any annual period
at least Seventy-Five Thousand Dollars ($75,000) in controversy shall be subject to expedited
arbitration under Paragraph 38, provided that, before initiating any such expedited arbitration,
the Parties must have exhausted their ability to resolve the dispute informally using a third-party
consultant under Paragraph 5.7.3.4.

#30903927_v6

5.7.4 Licensee Right to Maintain or Repair. In the event that Licensor

breaches any of its Maintenance or Repair obligations under Paragraph 5.7.3.1, Licensee shall
have the right, upon written notice to Licensor, to undertake any such Maintenance and Repairs
on its own. So long as Licensee provides Licensor a reasonable opportunity to cure and gives at
least 30 days advance written notice of Licensees intention to undertake its own Maintenance
or Repair work (except in emergency circumstances where work must be done on an emergency
basis and may be authorized by Licensor or a designee of Licensor who is present on-site, in
which case no advance written notice or opportunity to cure shall be necessary), and so long as
Licensee establishes in a Paragraph 38 proceeding (whether or not brought on an expedited basis
under Paragraph 5.7.3.5) an actual breach or breaches of Paragraph 5.7.3.1 by Licensor, Licensee
may obtain reimbursement from Licensor for the reasonable, verifiable costs of performing or
contracting to perform the Maintenance or Repair work that was necessitated by Licensors
breach(es).
5.8
General Condition of Stadium. During the Baseball Season and for all Licensee
Events, Licensee, at its cost and expense, shall keep the Stadium in a clean, orderly and
aesthetically pleasing condition. During all other parts of the Term and for Licensor Events
during Baseball Season, Licensor, at its expense, shall keep the Stadium in a clean, orderly and
aesthetically pleasing condition. Licensor shall continue to provide any janitorial service it
provides to Licensee as of the Signature Date for Licensees occupied areas, but Licensee shall
also continue to have the obligation to keep its offices, storage areas and other exclusive areas in
an orderly and aesthetically pleasing condition.
5.9
Alteration of the Stadium. Licensor may make such alterations or additions to
the Stadium and the structures, equipment and fixtures located therein, not owned by Licensee,
as Licensor deems appropriate, but Licensor shall obtain Licensees prior written consent before
doing anything that would materially adversely affect the use of the Stadium by Licensee.
Neither Party shall alter or add to any structures, equipment or fixtures of the other without the
other Partys prior written consent. Any work performed by Licensor during use by Licensee of
the Stadium for any Licensee Event, except for work requested by Licensee or required by this
License to remedy an emergency situation threatening or causing material damage to persons or
property, shall be performed in a manner to avoid as much as reasonably possible any
interference with Licensees use of the Stadium and in no event shall prevent Team from playing
a scheduled Home Game or Licensee from holding Other Events.
5.10

Scheduling.

5.10.1 Notice of Dates. Licensee and Licensor shall each use best efforts to
address all Licensee/Team and Raiders scheduling concerns. Licensor shall provide Licensee all
iterations of the planned Raiders schedule (Pre-Season, Regular Season, and possible Post-

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10

Season) promptly once received and shall stay in regular contact with Licensee regarding such
schedule. Licensee shall provide Licensor all iterations of the Teams planned schedule (PreSeason, Regular Season, and possible Post-Season) promptly once received and shall stay in
regular contact with Licensor regarding such schedule. If scheduled Home Games are canceled,
postponed and/or rescheduled, Licensee shall promptly notify Licensor. Subject to MLB Rules
and Regulations, Licensee shall work in good faith with Licensor and the Raiders to attempt to
accommodate a football schedule that does not conflict with Licensee Events, including, but not
limited to, as provided in Paragraph 5.10.3.
5.10.2. Other Events. Upon Licensors prior written consent, Licensee shall have
the right upon the later of January 1st of each calendar year or sixty (60) days prior written notice
to Licensor to schedule other baseball-related events for the Stadium not described in Paragraph
5.10.1 above (Other Events) both during and outside of any Baseball Season. Licensor shall
notify Licensee of Licensors approval or disapproval of any such scheduled event by the later of
January 31st or ten (10) business days after delivery of Licensees notice, which notice shall set
forth in sufficient detail Licensors grounds for its determination. Licensors and Licensees
respective rights and obligations for such events shall be as otherwise provided in this License
for Home Games, except that Licensee shall promptly reimburse Licensor upon receipt of a
proper invoice for all costs and expenses reasonably incurred by Licensor in connection with the
provision of increased security and Maintenance and Repair costs arising as a direct result of any
Other Events occurring outside of the Baseball Season (together with copies of reasonable
backup verification of such costs including invoices, cancelled checks, or other proof of payment
or payment obligation).
5.10.3 Exclusive Right to Stadium Use. Licensee shall have the exclusive right
to use the Stadium throughout each Baseball Season, but shall use its best efforts to influence
MLB to ensure that there are at least two scheduled open weekend dates (i.e. Friday, Saturday, or
Sunday) during the NFL pre-season each year for Raiders preseason games. Except for
scheduled dates of Raiders games, which is a use of the Stadium for which Licensee must work
in good faith to permit and have a reasonable basis for declining during Baseball Season,
Licensor may use the Stadium during the Baseball Season only upon Licensees prior written
approval, which approval Licensor acknowledges may be withheld in Licensees absolute
discretion for the date of any Licensee Event and for any dates including and between the day
before the commencement of and the last day of any of the Teams homestands. In connection
with the development of each baseball and football schedule, Licensor, Licensee and the Raiders
will attempt to accommodate the reasonable scheduling requirements of each other and of the
respective leagues and will work in good faith to resolve any disputes arising therefrom. The
Parties acknowledge that MLB may not allow Licensee to commit to make the two football
weekends available in each of August and September non-consecutively, nor, because of
playoffs and the World Series, will MLB commit to make any weekend in October available for

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11

scheduling of a football game. Subject to all of the above, the Raiders shall have scheduling
priority and the absolute right to use the Stadium for its games from the end of Teams Baseball
Season each year through the end of the following January.
5.10.4 Protected Dates. Not later than January 15th of each year within the Term,
Licensee may designate to Licensor in writing up to five (5) Home Games on which dates
Licensor agrees not to schedule any Licensor Event or to permit any Arena Event (other than a
Warriors game) unless it (a) concludes at least two (2) hours prior to the scheduled start of a
Home Game; or (b) commences at least six (6) hours after the scheduled start of a Home Game.
6.

PARKING AND ACCESS AREA

Subject to the limitations contained in Paragraph 6.3, Licensee or its agent shall operate
the Parking Area on the days of all Licensee Events and Licensor or its agent shall operate the
Parking Area on all other days. Each Party shall retain discretion in setting parking charges for
the events for which such Party operates the Parking Area.
6.1. Maintenance, Repairs and Cleaning.
6.1.1. By Licensor. Subject to Paragraph 6.3, Licensor shall Maintain and
Repair the Parking Area according to Paragraph 5.7.3.1 and in doing so shall use its best efforts
to cause the least disruption to attendees of Licensee Events.
6.1.2. By Licensee. Subject to Paragraph 6.3, Licensee shall conduct all
cleaning of the Parking Area after all Licensee Events.
6.1.3. Unauthorized Merchandise Sales. Licensor shall use its best efforts to
prevent any sale in the Parking Area of any publications, souvenirs, novelties or similar
merchandise related to Team or MLB unless expressly authorized by Licensee or MLB, and shall
use best efforts to promptly communicate to Licensee any unauthorized sales of which Licensor
has actual knowledge. Licensor shall have no obligation to institute legal action or to report such
conduct to criminal authorities and seek prosecution of same. Licensor shall, upon Licensees
reasonable request, delegate or assign to Licensee whatever rights Licensor may possess
sufficient to confer standing upon Licensee to institute such legal action, report such conduct or
seek such prosecution, and shall provide to Licensee reasonable cooperation on the matter.
6.2.
Revenues. Subject to Paragraph 6.3, Licensee shall retain all parking revenues
collected for Licensee Events.

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12

6.3.
Dual Event Parking. Where a Licensee Event is held on the same day as a
Licensor Event (Dual Event Day), the Parties shall work with one another in good faith to
determine a schedule whereby one Party shall manage and retain all revenues from parking
operations up to a certain time, upon which time the other Party shall assume the management of
and retain all revenues from parking operations. If, for any reason, the Parties are unable to
mutually agree upon such a schedule, then parking revenues, parking control and security, and
cleaning costs, shall all be allocated according to the formula set forth on attached Exhibit B.
7.

TERM AND TERMINATION

7.1.
Term. This License shall commence on the Signature Date and end on December
31, 2025 (Term) unless terminated earlier as provided in this License.
7.2.

Early Termination Rights.

7.2.1. By Licensee. Beginning January 1 of 2017, Licensee shall have the right
to terminate this License prior to expiration of the Term by providing Licensor written notice of
intent to terminate on or before December 31st of any year during the remainder of the Term,
with the effective date of termination occurring as of December 31st of the second year following
notice. (By way of example, if Licensee provides Licensor with such termination notice on
January 1, 2017, this License will terminate as of December 31, 2019.) If Licensee terminates
this License in connection with any move to a stadium outside of the City, Licensee shall pay on
the effective date of termination, in lump sum, all annual license fees pursuant to Paragraph 8.1
below for the remainder of the Term, as if this License were operative throughout the Term and
had not been terminated. Licensee shall not be obligated to pay such annual license fees if
Licensee terminates this License in connection with a permanent move to a new or re-built
stadium on or adjacent to the Complex site or to a different stadium within the City.
7.2.2. By Licensor. Licensee acknowledges that a plan may develop for
construction of a new football stadium for the Oakland Raiders. Licensor shall keep Licensee
reasonably informed of any information related thereto. If Licensor presents Licensee with a
Raiders Construction Plan, Licensor and Licensee shall, for a period of thirty (30) days
thereafter, negotiate in good faith for an amendment to this License that will account for the
financial, operational and other consequences that Licensee would suffer from the construction
and operation of such planned football stadium. Such negotiations shall not be necessary if the
Raiders Construction Plan includes substantial demolition of the Stadium. If such good faith
negotiations are unsuccessful or unnecessary, Licensor may terminate this License upon written
notice of intent to terminate to Licensee, with such termination to take effect sixty (60) days after
the conclusion of the second (2d) Baseball Season that commences after such notice. (By way of
example, if Licensor provides Licensee with such termination notice on June 15, 2016, this

#30903927_v6

13

License will terminate sixty (60) days after the conclusion of the 2018 Baseball Season.)
Between the time notice of termination has been given and the date of actual termination,
Licensee shall cooperate in good faith with any activities by Licensor or its designees that may
be necessary to prepare the site in advance of construction, including by providing reasonable
access to any areas for which Licensee has exclusive use rights, so long as no actions are taken
by Licensor or its designee and nothing is required of Licensee that unreasonably interferes with
Licensees operations. For the sole purpose of a possible termination to accommodate a Raiders
Construction Plan, the Parties agree to amortize on a monthly, straight-line basis (i) Licensees
total verified cost reported to Licensor under Paragraph 11.2 for the Display Equipment Project,
plus any amount paid directly to Licensor thereunder, and (ii) all other amounts paid by Licensee
during the Term for mutually agreed upon improvements to the Stadium or Complex under
Paragraph 5.9 (Additional Licensee Improvements), provided that Licensees costs for
Additional Licensee Improvements will be subject to amortization hereunder only if Licensor
shall have acknowledged to Licensee in writing at the time of Licensor's approval of such
Additional Licensee Improvements under Paragraph 5.9 that such improvements will be subject
to the provisions of this Paragraph 7.2.2. Amortization shall occur from the last day of the
month in which the particular improvement is completed throughout the remainder of the Term.
Following termination by Licensor in connection with a Raiders Construction Plan, Licensor
shall pay Licensee the entire unamortized balance of such improvement costs as measured from
the date of completion of installation of the improvements being amortized to October 31st of the
year in which termination is to take effect, minus an offset in the amount of Five Million Dollars
($5,000,000). Licensor shall make such payment not later than December 31 of the year in
which termination is to take effect. [The following example needs to be verified] By way of
example, if (a) the Display Equipment Project is completed during March 2015 and the total
verified project cost is $11,020,000 and (b) Licensor provides proper termination notice on June
15, 2016, then (x) the $11,020,000 will be amortized on a monthly schedule from March 31,
2015 through October 31, 2025, with $95,000 amortized on the last day of each month beginning
on March 31, 2015, (y) this License shall terminate effective sixty (60) days after the conclusion
of the 2018 Baseball Season and (y) Licensor shall pay Licensee, no later than December 31,
2018, a lump sum equal to $6,840,000 ($11,020,000 minus (44 months times $95,000)), plus
whatever sum may be due for the costs of Additional Licensee Improvements, utilizing the same
amortization methodology, minus an offset in the amount of Five Million Dollars ($5,000,000).
The Parties acknowledge, however, that subject to Paragraph 16, Licensors obligation to pay
Licensee under this Paragraph 7.2.2 may be passed through to any third-party developer that
undertakes the Raiders Construction Plan.
8.

LICENSE FEES

8.1
License Fees. Licensee shall pay to Licensor an annual license fee of [not less
than] One Million Seven Hundred Fifty Thousand Dollars ($1,750,000.00) for each year of the

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14

Term. Except for the annual license fee for 2014 (for which payment in the amount of
$1,750,000 was made by Licensee on June 30, 2014), Licensee shall make each annual payment
March 1st of each year of the Term. Each payment shall be due and owing immediately upon
each payment date and shall be considered payment in advance for all use and other rights
granted under this License during the subsequent twelve months. Subject to Licensees right to
cure under Paragraph 22.1.2, any late payment shall be subject to a late fee of two thousand five
hundred dollars ($2,500) per day and any accumulated delinquency shall carry interest at a daily
compounded interest rate of ten percent (10%) per annum.
8.1.1. Security Deposit. Within fourteen (14) days of the Signature Date,
Licensee shall also provide to Licensor an Irrevocable Letter of Credit in form and substance,
and issued by such bank or other financial institution, reasonably acceptable to Licensor, in the
amount of One Million Seven Hundred Fifty Thousand Dollars ($1,750,000.00) [or such other
amount of annual fee set forth in Paragraph 8.1, which amount shall be used throughout
this paragraph], payable to Licensor upon any single payment delinquency or any cumulative
payment delinquency or upon any other default by Licensee under this License. The Letter of
Credit shall expire upon the later of termination of this License or full payment of all annual fees
owing under Paragraph 8.1 through the end of the Term. If the Letter of Credit is drawn upon by
Licensor, Licensee must immediately replace it with another Letter of Credit in the amount of
One Million Seven Hundred Fifty Thousand Dollars ($1,750,000.00). Once the replacement
Letter of Credit is provided, if the delinquency or default that triggered the draw down under the
original Letter of Credit was less than $1,750,000, Licensor shall begin crediting the remainder
of the full amount drawn down under the original Letter of Credit against future annual fees
owing by Licensee until the full $1,750,000 drawn down under the original Letter of Credit is
exhausted.]
8.2
Prohibition on Deductions. Licensee shall not deduct, offset or otherwise
withhold any amounts payable by it to Licensor under this License Agreement except to the
extent expressly authorized under Paragraphs 17.1, 17.2, 17.3, 20.2, 23.2 or 27.2 herein. Any
payment delinquency uncured under Paragraph 22.1.2, including any unauthorized deduction,
offset or other withholding (a) shall (in addition to the late charges and interest under Paragraph
8.1), accrue pre-judgment interest at the maximum statutory interest until paid in full, (b) shall
trigger a payment owing to Licensor to compensate it for difficult-to-calculate harm in the
amount of all remaining Annual License Fees under Paragraph 8.1, and (c) shall give Licensor
the right, at its option, to seek declaratory and injunctive relief in court or in arbitration
(notwithstanding Paragraph 38) terminating the License and all of Licensees rights thereunder,
including its rights of use and occupancy under Paragraph 4, effective immediately if the
delinquency takes place outside of the Baseball Season, or otherwise effective on the day after
the conclusion of the last Licensee Event during the Baseball Season in which the delinquency
took place. Monetary recovery for any such delinquency may be sought in court or in

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15

arbitration, at Licensors option, notwithstanding the provisions of Paragraph 38 herein. Should

Licensor file an action seeking monetary relief for any delinquency under Paragraph 8, Licensor
shall be entitled to recover its entire attorneys fees and costs upon entry of judgment in its favor
or in the event that any of the delinquency is paid or ordered paid prior to entry of final
judgment.
9.

LICENSEES COVENANTS

Licensee shall do all acts required to maintain its membership in good standing with
MLB. Licensee shall notify Licensor promptly after receipt of any information that Licensee is
the subject of any action or contemplated action that could affect Licensees right to continued
good standing in MLB.
10.

RADIO AND TELEVISION

10.1. Radio. Licensee shall have the right to, or to cause its rightsholder(s) to,
broadcast and disseminate by radio all reports of all or any part of any Licensee Event and
related programming occurring in the Complex. Licensee shall keep all revenues deriving from
such activities.
10.2. Television. Licensee shall have the right to, or to cause its rightsholder(s) to,
telecast all or any part of any Licensee Event and related programming occurring in the
Complex. Licensee shall keep all revenues deriving from such activities.
10.3. Online and Other Forms of Media. Licensee shall have the right to, or to cause
its rightsholder(s) to, disseminate over the internet and any other current or future forms of media
any audio or visual depiction of all or any part of any Licensee Event and other Team-related
programming occurring in the Complex. Licensee shall keep all revenues deriving from such
activities.
10.4. Identification. Licensee shall take commercially reasonable measures to cause
its rightsholders to announce and/or display the name and location of the Stadium at least three
(3) times during each radio and television broadcast of a Licensee Event.
10.5. Rights of Others. The opposing team and MLB, and each of their rightsholders,
shall have rights identical to Licensees rights provided under Paragraphs 10.1 through 10.3
above.
10.6. No Licensor Rights. Licensor acknowledges and agrees that it shall have no
right to broadcast or disseminate any audio or visual depiction of any Licensee Events, whether

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16

via radio, television, online or in any other form now existing or hereafter developed. Licensor
further acknowledges and agrees that other than the rights it grants under this License, Licensor
shall have no right to authorize any party to broadcast or disseminate any audio or visual
depiction of any Licensee Event, whether via radio, television, online or in any other form now
existing or hereafter developed.
10.7. Media Access. Licensees invited media shall have reasonable access to the
Stadium (and remainder of the Complex, as reasonably necessary) prior to, during and after
Licensee Events, including substantially the same accommodations and facilities for all media
equipment, including trucks, as are typically provided in other MLB stadiums.
11.

ADVERTISING

11.1. Attraction Panel and Freeway Marquee. Throughout each Baseball Season
and for a 30-day period prior to the commencement of each Baseball Season, Licensor will
display on the attraction panel located adjacent to the Nimitz Freeway that the Stadium is the
Home of the Oakland Athletics. During the Baseball Season and during Licensees Spring
Training, Licensor will display on the freeway marquee the date, time and opponent for
Licensees next Home Game/series or other information reasonably requested by Licensee.
When such promotional announcements are required to be displayed by this Paragraph 11.1,
Licensor shall display such announcements a commercially reasonable number of times each day
in a manner and with a frequency that is consistent generally with the number of times Licensor
displayed such announcements during 2013. The provisions of this Paragraph 11.1 are expressly
subject to the applicable rules, regulations and consent requirements of the California
Department of Transportation.
11.2 Stadium Display Equipment. Licensee shall, no later than October 31, 2014,
commit to spending not less than Ten Million Dollars ($10,000,000.00) to purchase and install
(i) two (2) new digital video/score boards, a new digital ribbon board or boards on the Stadium
Plaza Level Faade (the video/score boards and ribbon boards will be referred to collectively as
Digital Displays), and, if Licensee chooses to do so, in its sole discretion but subject to
Licensors approval below, a new integrated audio system, and (ii) and associated new control
room equipment capable of programming, controlling and storing digital content for the new
Digital Displays along with associated audio (collectively, all components, equipment and
systems comprising and related to the new Digital Displays, the new audio system, if installed,
and the associated new control room, will be referred to as the Display Equipment). The
Parties agree that time is of the essence for the completion of the Display Equipment Project. As
soon as possible after the Signature Date, but in any event not later than July 31, 2014, Licensee
shall provide to Licensor detailed costs, plans and equipment specifications for the Display
Equipment (the "Display Equipment Plans"), also sufficient to enable the Parties to jointly

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determine the extent of any necessary structural work to the framing cabinet structures and
support beams that will house and support the Display Equipment ("Display Equipment
Structural Work"), and shall seek Licensors and City's approval for the Display Equipment
Project under Paragraph 11.4 after providing the Display Equipment Plans, which approval shall
not be unreasonably withheld or delayed by Licensor. The Parties agree to cooperate and use
mutual best efforts to achieve completion of the Display Equipment Project by April 1, 2015.
Upon completion, Licensee shall provide Licensor with a report detailing the equipment
purchased, work performed, and total cost (as measured by the total project cost without
reference to whether Licensee obtained financing for the Display Equipment Project), together
with copies of reasonable backup verification of such costs including invoices, cancelled checks
or other proof of payment or payment obligation. If such total amount is less than Ten Million
Dollars ($10,000,000.00), Licensee shall pay Licensor the difference within thirty (30) days after
Licensors written acceptance of the contents of such report.
11.2.1. Licensor Consultation. Licensee shall have absolute discretion on the
selection of all Display Equipment and shall perform all work required to purchase and install
the Display Equipment (excluding any Display Equipment Structural Work, which shall be
Licensors responsibility), but shall consult with Licensor in connection therewith. Licensor shall
cooperate with Licensee during the entire Display Equipment Project, including without
limitation the installation of all Display Equipment, in connection with which Licensor shall
perform any Display Equipment Structural Work reasonably necessary to facilitate such
installation. The Parties shall confer in good faith and seek to agree about whether any Display
Equipment Structural Work is required for installation of the Display Equipment, and if they
cannot agree, shall follow the procedures for resolution set forth in Paragraphs 5.7.3.4 and
5.7.3.5.
11.2.2. Structural Work. Licensor shall work diligently and in good faith to
complete any Display Equipment Structural Work as soon as possible after Licensor's and City's
approval of the Display Equipment Plans, provided that Licensee does not, by its own conduct,
interfere with, delay, or impede Licensors process of evaluating or undertaking such work).
11.3

Rights and Revenues.

11.3.1 Licensees Rights. Licensor grants to Licensee the exclusive right

during each Baseball Season and at Licensee Events, at Licensees sole cost and expense, to use
existing or locate new non-digital, fixed advertising displays in the Stadium that are Interior
Facing and to sell and retain all revenues for the advertising displayed on such displays and
equipment in the Stadium during each Baseball Season and at Licensee Events, except (a) the
Display Equipment referenced in Paragraph 11.2, which shall be operated by Licensee but for
which each Party may sell advertising for its own events and (b) the Interior Facing displays
referenced in Paragraphs 11.3.2 and 11.3.3, under the terms and conditions contained therein.

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Licensor also grants to Licensee the right, during each Baseball Season, to the signage attached
to the exterior of Stadium structure that faces outward from the exterior of the Stadium and is of
the general size and in the general locations utilized by Licensee during the 2013 Baseball
Season (but which may not be used by Licensee to promote third party sponsors of Licensee).
11.3.2. Raiders Signage. Licensee acknowledges that Licensor retains the
rights to and may grant to Raiders the exclusive right to use and to sell and retain all revenues for
the following Interior Facing advertising displays (with Licensors acknowledgement that, upon
written consent of the Raiders to the removal of specific signs, some of the following signs may
be removed as part of the Display Equipment installation provided in Paragraph 11.2):
(a)
One (1) panel on the Tri-Vision Sign located on the Second Deck
fascia above Section 134 of the First Deck and one (1) panel on the Tri-Vision Sign located on
the Second Deck fascia above Section 151 of the First Deck, provided that each such panel shall
receive approximately one-third of the rotational exposures of the signs during all Licensee
Events.
(b)
Four (4) permanent back-lit signs comprised of two (2) such signs
located on the Upper Deck fascia in Sections 327-329 of the Upper Deck but below the windows
of Loge Suites 54-57 and two (2) such signs located on the Upper Deck fascia in Sections 305307 of the Upper Deck but below the windows of Loge Suites 10-13, provided that the size of
such signs will not exceed 3 feet in height and 20 feet in width and will be of similar appearance
and quality as signs that are located on the Upper Deck fascia of the Stadium as of the Signature
Date.
(c)

One (1) permanent sign located on the First Deck fascia in Section

102 of the First Deck.

(d)
One (1) banner sign similar in size, appearance and quality to the
banner sign used by Raiders during the 2013-2014 NFL season, located on the Second Deck
fascia in Section 233 of the Second Deck at the top of the stairways, provided that such banner
sign shall not restrict or interfere with any access within the Stadium.
(e)
Advertising displayed only during Raiders games on banner signs
at any location within the Stadium seating bowl, provided that such banner signs shall not in any
way obscure or hinder the visibility of any permanent advertising display signs in the Stadium or
the views from any seats or suites in the Stadium, and provided further that Licensor shall ensure
that Raiders remove all such banner signs promptly after every Raiders game until the conclusion
of Baseball Season, but such banner signs need not be removed during the period between the
conclusion of Baseball Season and three (3) calendar days after the last Raiders game.

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(f)
Club Signage. Notwithstanding Paragraph 11.3.1, Licensee shall
have the right to sell and retain all revenues for all signage within the areas currently known as
the Bar and Grill and East Side Club for all Licensee Events, and Licensor shall have the right to
sell and retain all revenues for all signage within those areas for all Licensor Events. Such
signage must be temporary in nature and capable of quick and efficient removal, and each Party
shall remove all such signage after its respective event in sufficient time for the other Party to
effectively exercise its rights under this subparagraph (f). As used herein, Bar and Grill and
East Side Club mean, respectively, all areas inside the doors leading immediately into the
Stadium Bar and Grill and East Side Club.
11.3.3. Licensor Retained Rights.
11.3.3.1.
Licensors Use of Scoreboard Caps. During 2014 only
and upon the payment of Two Hundred Thousand Dollars ($200,000.00) to Licensee, Licensor
shall retain the exclusive right to sell advertising on and retain revenues for the Interior Facing
(as defined in Paragraph 44.13) portion of the capitals adjacent to the scoreboard (the
Scoreboard Caps) appearing as of the Signature Date atop the Northeast and Southeast
score/video boards. After 2014, Licensee shall have the right and absolute discretion, in
connection with its selection and installation of the Display Equipment, to keep the Scoreboard
Caps, install a replacement structure that is similar to the Scoreboard Caps (the New Caps), or
to remove such the Scoreboard Caps entirely. For 2015 and for each year through the termination
or the expiration of the term (as of the Signature Date) of the existing O.co. naming rights
agreement, if Licensee keeps the Scoreboard Caps installed, Licensor may extend its exclusive
right described above upon the payment to Licensee of Two Hundred Thousand Dollars
($200,000.00) per year. If Licensee installs New Caps, Licensor may elect to retain the
exclusive right to sell and retain all revenues related to the Interior Facing portion of the New
Caps. If Licensor elects to obtain such rights, Licensor shall pay Licensee such amount as the
Parties shall negotiate in good faith for the use of the Interior Facing Portion of the New Caps for
each year through the termination or the expiration of the term (as of the Signature Date) of the
existing O.co naming rights agreement, but in no event greater than Two Hundred Thousand
Dollars ($200,000.00). When the term (as of the Signature Date) of the existing O.co naming
rights agreement either terminates or expires, the Parties will negotiate reasonable terms for the
price of Licensors rights to use the Scoreboard Caps or any New Caps. Licensor may waive its
rights to obtain from Licensee the use of the Interior Facing portion of the Scoreboard Caps or
New Caps at any point during the Term by providing written notice to Licensee, in which case
Licensor will be relieved of any future obligation to pay Licensee and Licensee will have the
exclusive right to sell and retain all revenues for the Interior Facing portion of the Scoreboard
Caps or New Caps during the remainder of the Term. Notwithstanding any of the foregoing, in
no event shall Licensor have the right to sell or otherwise provide any advertising on the Interior

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Facing portion of the Scoreboard Caps or New Caps to any entity other than its own Stadium
naming rights partner.
11.3.3.2.
Removal or Substitution of Scoreboard Caps. The Parties
agree that if possible, it is preferable to retain the Scoreboard Caps. If Licensee removes the
Scoreboard Caps and does not replace them with New Caps, Licensee commits to locating and
providing to Licensor for pass-through to the affected third-party alternative signage locations or
other assets that provide reasonably equivalent value that is acceptable to the affected third-party.
If any such alternate signage locations or other assets are not acceptable to the affected thirdparty, Licensee commits to cooperate in good faith with Licensor and the affected third-party in
reaching a reasonable make-whole resolution, which Licensee acknowledges may potentially
involve the payment of reasonable compensation by Licensee to such third party.
11.3.4. Terms, Conditions and Restrictions. The advertising rights retained by
Licensor herein are subject to the following terms, conditions and restrictions:
(a)
Termination of Rights. The rights retained to Licensor in
Paragraph 11.3.2 shall be retained by Licensor only so long as Raiders plays NFL games in the
Stadium and only so long as Raiders is under a valid license with Licensor or a Licensor Affiliate
regarding Raiders occupation of the Stadium. If Raiders cease to play NFL games in the
Stadium or if Raiders cease to have such valid license, Licensee shall automatically be granted
exclusive rights to such signage.
(b)
Exclusivity. Licensor acknowledges that Licensee is party to
certain advertising agreements that provide exclusive rights within defined categories. Licensor
represents and warrants that throughout each Baseball Season and at Licensee Events neither
Licensor nor Raiders shall cause to be displayed any fixed signage advertising of any entity
(including any of such entities affiliates) that competes with any of the entities listed within the
following categories:

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Category

Entity

Beer/Malt Beverages: All beer and malt

beverage products
Beverages/Water: (i) carbonated soft drinks
including without limitation colas and all other
flavored carbonated beverages; (ii) fruit juice;
(iii) bottled/canned tea products; (iv) water and
enhanced water; (v) ready to drink coffee
products; and (vi) isotonics, including without
limitation sports drinks, non-caffeinated energy
drinks, nutritional supplements, carbohydrate
drinks and/or non-alcohol related drink mixes
Gaming: Casinos, card houses, bingo
facilities and other gaming facilities
Automotive: motor vehicles or component
parts or wholly-owned subsidiary of another
motor vehicle manufacturer
Tools: Including without limitation assembly
tools, demolition tools, hand tools, power
tools, automotive tools, mechanics tools,
construction tools, plumbing tools, power tool
accessories, industrial tools, tool chests and
boxes, and other related tool products
Pizza Restaurant: restaurants generally
recognized to focus primarily on the
preparation and serving of pizza to customers

Anheuser-Busch
Zevia, and thereafter undetermined; Licensee
shall notify Licensor once rights are settled

Cache Creek Casino Resort

General Motors

Stanley Black & Decker

Round Table Pizza

Licensee shall have the right to introduce new exclusive categories or to substitute different
entities into the categories listed above upon written notice to Licensor. Licensor shall also
ensure that neither Licensor nor Raiders enter into any advertising agreement that provides
exclusivity within any category of goods or services that could adversely affect Licensees
advertising exclusives without first obtaining Licensees prior written approval.
(c)
Costs. Subject to Licensees obligation to Maintain and Repair the
Display Equipment pursuant to Paragraph 11.4, Licensor shall pay all costs associated with all
display rights retained by Licensor, including without limitation all costs to Maintain and Repair
all such displays.
11.4.

Operation and Maintenance of Equipment and Displays.

11.4.1. Licensee Events. Except for the advertising displays reserved to Licensor,
Licensee shall operate, Maintain and Repair all advertising displays and equipment located
inside the Stadium, including all Display Equipment (Licensee may choose to replace and/or
upgrade any of the advertising displays and equipment at its own expense, including without

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limitation any Display Equipment, but shall have no obligation to do so notwithstanding the
definitions of Maintain and Repair in Paragraphs 44.17 and 44.34 respectively).
11.4.2. Licensor Events. Licensee shall operate the Display Equipment for all
Licensor Events and may charge Licensor for Licensees provision of a reasonable number of
qualified and competent operators and for any expenses due to Licensor-requested additional
work (such as expenses in connection with the installation of NFL-driven initiatives). Licensees
charges for the operators shall not exceed its direct costs (including without limitation wage
rates, payroll taxes, pensions, fringe benefits, and any other amounts required under applicable
law). Licensor will pay such charges after receipt of an invoice, detailing all expenses including,
without limitation, Licensees direct costs.
11.5. Installation and Alteration of New Equipment and Displays. Licensee shall
have the right, at its sole cost and expense, to install new advertising equipment and displays
within the Stadium, including the Display Equipment, provided that, subject to Paragraph 36,
Licensee shall comply with all laws (including all applicable City ordinances) in connection with
such installation. If Licensees new advertising equipment or displays will materially alter any
part of the Stadium Maintained by Licensor pursuant to Paragraph 5.7.3.1, then Licensee shall
obtain the prior written approval of Licensor. Licensor shall have the right to utilize its own
employees or independent contractors selected by Licensor to prepare the existing structure of
the Stadium for the installation of the new equipment and displays, with Licensee to pay the
reasonable cost thereof promptly after demand. Licensee shall have the right to designate the
persons or entities to install Licensees new equipment and displays in the Stadium. Licensee
shall pay all costs to remove any such signage and to Repair any corresponding damage to the
Stadium upon any of the following: (a) the expiration of this License but only if the Stadium is
scheduled to be used substantially for the same purposes after such expiration, (b) the
termination of this License by Licensee under Paragraph 7.2.1, or (c) the termination of this
License based on Licensees default hereunder, or (d) Licensors request outside of any Baseball
Season based on a reasonable, good faith demand from the Raiders for removal because such
equipment and/or displays interfere with the Raiders rights and operations under their license
with Licensor so long as, before presenting such a demand, the Raiders have first obtained the
Licensors assent to their making the demand, which assent shall only be given reasonably and in
good faith., provided that this subparagraph (d) shall not apply if Licensee obtains Licensors
written pre-approval before installing any item covered by this Paragraph 11.5.
11.6. Term of Advertising Agreements. Licensee shall not enter into any agreement
for the display of advertising within the Stadium that irrevocably provides such advertising for
time periods beyond the Term.

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11.7. Content of Advertising. Licensee shall ensure that any advertising displays
caused by it to appear in the Stadium will not be of the nature that will bring disrepute, shame or
opprobrium upon Licensor, the City of Oakland or the County of Alameda. Licensor shall ensure
that the form and content of any advertising in the Stadium sold or otherwise provided by or
through Licensor or Raiders will not be of the nature as could reasonably bring disrepute, shame
or opprobrium upon Licensee or Team. Licensee and Licensor, as the case may be, shall cause
to be removed any displays that violate this Paragraph 11.7.
11.8. Stadium Name. The current name of the Stadium is O.co Coliseum. Subject to
Paragraph 11.3.3, Licensor shall have the right to display the name of the Stadium where the
name is currently displayed on the Scoreboard Caps and at any locations at the Stadium or in or
outside of the Complex not specifically reserved to Licensee. Licensee shall have no right to any
revenue generated by sale of the name to the Stadium or to any part of the Complex, except as
derived by Licensee pursuant to its rights under Paragraphs 4.7.1 and 11.3.3. Licensor reserves
the right to rename the Stadium during the Term, provided that Licensor may not rename the
Stadium in a manner that conflicts with Licensees advertising exclusivities hereunder (unless
Licensee consents in advance in writing in its sole and absolute discretion) and/or MLB Rules
and Regulations. In response to any written request from Licensor for any required approval of a
proposed name change, a response must be provided in writing by Licensee within twenty (20)
days of Licensees receipt of such request, and if no timely response is provided by Licensee,
Licensee shall be deemed to have consented to the proposed name change. Licensee agrees to
refer to the Stadium by such name and to use its best efforts to cause its agents, employees,
broadcasters, advertisers and sublicensees to use such name when referring to the Stadium.
12.

CONCESSIONS

12.1. Food and Beverage. Licensee shall provide a reasonable selection of good quality
food and beverage at reasonable prices established by Licensee, after consultation with Licensor.
Prices shall be deemed reasonable if such prices are within the range of prices charged in similar
sports facilities in California. Food and beverage provided by Licensor during Licensor
sponsored events in the Stadium shall be provided by and purchased from the food and beverage
concessionaire of Licensee. If Licensor reasonably determines that the price and/or quality of
the food and beverage provided by Licensees concessionaire is not comparable to that provided
by competitive caterers, Licensee, after receipt of adequate details from Licensor and after
consultation with Licensor, shall use its best efforts under the terms of its license with its
concessionaire to ensure that the price and/or quality of the food and beverage provided to
Licensor is in accordance with the foregoing standards.
12.2. Concessions Control. Licensee shall have exclusive control over the provision
of all food and beverage in the Stadium, including without limitation for all Licensor Events and

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including, subject to Paragraph 12.1, the selection of all food and beverage items sold in the
Stadium and all pricing.
12.3. Concessions Revenues. Licensee shall receive and retain all concessions
revenues received from the sale of food and beverage at Licensee Events. Licensor shall receive
and retain all concessions revenues from the sale of food and beverage at Licensor Events,
except that Raiders shall receive and retain all concessions revenues from the sale of food and
beverage at Raiders NFL games.
12.4. Concessions Vendor. The Parties acknowledge that Licensee has contracted
with Ovations Fanfare, L.P. to provide concessions services for all Licensee Events and Licensor
Events through December 31, 2016. Licensee has the right under this License to extend that
contract through the end of the Term. If Licensee elects to retain a new concessionaire (or
subsequent concessionaires, as the case may be), it shall notify and consult with Licensor on
such retention, but Licensee shall have absolute discretion to negotiate a contract with the new
concessionaire for a term mutually agreeable to the Parties.
13.

TICKETS

13.1 Licensee Control. Licensee shall prepare, provide and distribute, at its expense,
all tickets of admission to Licensee Events at such prices and on such terms as Licensee
determines in its sole discretion.
13.2. Ticket Revenues. Licensee shall retain all revenues collected from its sale of
tickets and ticket-related activities.
14.

STADIUM BOXES

14.1. License. Licensor hereby licenses all stadium boxes to Licensee for Licensees
use or sublicense during Licensee Events, except those stadium boxes occupied as of the
Signature Date by Licensor, the City of Oakland, the County of Alameda and Raiders, which
Licensee acknowledges are assigned to and may be used by those respective parties for all
Licensee Events. Subject to applicable law, Licensee shall provide to Licensor, the City of
Oakland and County of Alameda, respectively, tickets for all Licensee Events in the respective
stadium boxes. For the Raiders stadium boxes only, Licensor shall pay Licensee any amounts
that Licensee must pay to MLB or any other entity for the cost of the underlying tickets for
Raiders stadium boxes.
14.2. Oakland As Owners Suite. In addition to the rights granted under Paragraph
14.1, Licensor hereby provides Licensee, throughout the Term and for all events occurring in the

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Stadium, the exclusive right to use and sublicense the Owners Suite occupied by Licensee as
of the Signature Date.
14.3. Special Use Stadium Boxes. The stadium boxes reserved as of the Signature Date
for use for Licensee Event-related purposes, including by Licensee or by individuals with proper
press credentials, shall continue to be so reserved throughout the Term.
14.4. Licensees Sublicense of Stadium Boxes. Licensee may sublicense the stadium
boxes licensed to it for Licensee Events at prices determined by Licensee in its absolute
discretion and shall keep all revenues derived therefrom.
14.5. Licensor Use. Subject to Paragraph 14.2, Licensor shall have the exclusive right to
license the stadium boxes for all events other than Licensee Events, but shall offer Licensees
baseball boxholders a first option for all such events except Raiders games.
15.

INTELLECTUAL PROPERTY

15.1. MLB Marks. Nothing herein shall be deemed to provide Licensor any right
whatsoever to use any MLB name, logo, emblem or insignia, names, word marks, logos, uniform
designs, mascots, images, colors and color combinations, trade dress, characters, symbols,
designs, likenesses and/or visual representations of any MLB Entity or Major League Club,
owned, controlled, first used and/or applied for or registered with the United States Patent and
Trademark Office by any MLB Entity or Major League Club, as the case may be (collectively,
MLB Marks).
15.2.

Team Marks. Licensor:

15.2.1. Acknowledges, represents and covenants, as the case may be, that (i) the
MLB Marks (including, without limitation, all Licensee marks) are of a proprietary nature; (ii)
all rights, title and interest in and to the MLB Marks belong to the applicable MLB Entity; (iii)
Licensor has not made and will not make any unauthorized use of the MLB Marks and any such
use would require a license from the applicable MLB Entity or Major League Club; (iv) any use
that Licensor has made or will make of the MLB Marks has not conferred, and will not confer,
any rights or benefits on Licensor in respect thereof, and any such rights or benefits inure to the
applicable MLB Entity; (v) the MLB Marks have acquired a secondary meaning in the minds of
the general public; (vi) the goodwill associated with the MLB Marks has great value and such
goodwill belongs exclusively to the applicable MLB Entity; and (vii) Licensor shall not, during
the Term or thereafter, attack the rights, title or interest of the applicable MLB Entity in or to the
MLB Marks, including the validity of the rights granted hereunder or use any element of such
rights without MLBs express written consent.

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15.2.2. Acknowledges the proprietary nature of all copyright rights that are
owned, controlled or licensed by Licensee including, without limitation, all accounts,
descriptions, radio broadcasts, television broadcasts and streamed versions of all Licensee
Events. Licensor hereby covenants that it will not use any of the foregoing without the prior
written consent of Licensee.
15.2.3. Represents and warrants that it will not conduct in the future any
promotions, ticket giveaways, contests or sweepstakes relating to or associated with Licensee,
Team or any other Major League Club or MLB Entity without obtaining the prior written
consent of Licensee.
15.3. Licensor Marks. Licensee acknowledges Licensors ownership of and rights in
Licensors name, trademarks, tradenames, service marks, logos, emblems, insignias and other
identification (the Licensor Marks). All rights to use or license the Licensor Marks, however,
are controlled by Licensee on an exclusive basis to the extent that such use in any way relates to
or is in connection with MLB, Licensee or Team. Nothing herein, however, shall be interpreted
to limit Licensors right to use or license the Licensor Marks in any other manner.
15.4. Use of Stadium/Complex Names and Images. All rights to use or license all
names and images of the Stadium and the Complex (as they are named and exist now and as they
shall be named and exist at any point during the Term) are controlled by Licensee on an
exclusive basis so long as and to the extent said use involves some explicit, featured association
with Team, MLB, an MLB game, or any event or activity that is related to MLB, Licensee or
Team (an MLB-related association). By way of illustration and without limitation, each of the
following would be among Licensees exclusive rights to use or license: (i) any use of the
Stadium and/or Complex names or images featuring any trademark, service mark or other
intellectual property proprietary to Team or MLB or any of their respective affiliated entities; (ii)
any product, or any photograph or image of the Stadium and/or Complex taken during the MLB
season featuring the interior of the Stadium showing a baseball field in whole or in part, where
the product, photograph or image features a Team or MLB logo, insignia or trademark, or
otherwise would create a clear association with the Team or MLB; and (iii) images of the
Stadium featuring any baseball personnel and/or the colors green and/or yellow. Nothing herein
shall be interpreted to limit Licensors right to use or license names and images of the Stadium
and/or Complex in connection with noncommercial items or any items not described in the
preceding provisions of this Paragraph 15.4, so long as such use, if the same such use were to be
made by Licensee, would not violate the terms and conditions of any MLB Rules and
Regulations. By way of illustration, apparel, cups, mugs and other beverage vessels, posters,
prints, postcards and other consumer products are considered commercial items.

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16.

ASSIGNMENT

16.1. Only Upon Consent. Except as expressly provided in this Paragraph 16.1,
Licensee may not assign or transfer any of its rights or obligations hereunder without the prior
written consent of Licensor and any attempt by Licensee to do so shall be void and of no force
and effect whatsoever, and shall constitute a breach of this License. No consent of Licensor shall
be required in order to assign or transfer any of Licensees rights or obligations under this
License in connection with an MLB-approved sale or transfer of Team to a third party or
Licensee Affiliate. Any assignment by a Party of this License or its rights and obligations
hereunder shall be effective only if the assignee delivers to the other Party a writing in which the
assignee assumes and agrees, in favor of such other Party, to be bound by the provisions of this
License. No such assignment shall relieve the assigning Party of any of its obligations under this
License unless expressly agreed in writing by the other Party (which agreement may be granted
or withheld in such other Party's sole and absolute discretion). Any proposed assignment, sale or
transfer by Licensee that requires Licensors consent shall be conditioned on Licensee paying all
reasonable legal and accounting fees and all reasonable transactional costs and expenses incurred
by Licensor in granting its approval. Subject to the preceding provisions of this Paragraph 16.1,
all of the Parties respective rights and obligations under this License shall be binding upon and
inure to the benefit of the heirs, devisees, successors in interest and assignees of each of the
Parties hereunder.
16.2. Licensees Lenders. Notwithstanding any other provision hereof, Licensee may
convey, pledge, encumber or grant security interests in or otherwise transfer all or any portion of
its rights, titles and beneficial interests under this License in favor of a single lender or a group of
lenders solely in connection with Licensees dealings with such lender(s) and solely for purposes
of granting security to such lender(s). Licensee shall remain the responsible counterparty to
Licensor under this Agreement notwithstanding any such conveyance, pledge, encumbrance or
grant of security interests, and no such transfer shall serve to extinguish, diminish or otherwise
alter any of the Parties rights or obligations under this License except to the extent otherwise
consented to in writing by Licensor. If, and to the extent necessary to effectuate any
conveyance, pledge, encumbrance or grant of security interests hereunder, a written consent from
Licensor is requested by the lender or lenders, Licensor agrees work in good faith with Licensee
and the lender or lenders to negotiate a form of agreement satisfactory to Licensor but shall not
be obligated to accept terms imposed by Licensees lender or lenders.
17.

DAMAGE AND DESTRUCTION

17.1. Major Damage Repairable. In the event of the damage or destruction of the
Stadium so that Licensee cannot reasonably use the Stadium for Home Games, and there are
insurance proceeds available to Licensor to pay eighty percent (80%) or more of the cost of

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repairing the damage, such repairs can be performed under applicable governmental laws, rules
and ordinances, the design and construction work can be reasonably completed within eighteen
(18) months after the date of damage, and will enable Team to play at least one complete
Baseball Season at the Stadium during the remaining Term as the same may be extended by
mutual agreement of the Parties, and Licensor delivers notice to Licensee within one hundred
twenty (120) days of the date of damage that such repairs can be so completed, then this License
shall remain in full force and effect, and Licensee shall have no liability to pay any fees or
perform its other obligations hereunder with respect to the Stadium during any such period when
Licensee is unable to use the Stadium, and Licensor shall refund to Licensee a pro-rata portion of
annual fees under Paragraph 8.1 already paid by Licensee based on the rights lost by Licensee as
a result of the damage and repairs. Licensor shall collect and expend all funds required to repair
the damage at the earliest possible date. During the period that the damage is being repaired and
Licensee cannot reasonably use the Stadium for Home Games, Licensee shall have the right to
play Home Games in any other one or more comparable stadiums located in the Licensees
Home Television Territory and acceptable to MLB or, if no such stadium is available on
commercially reasonable terms, then in the stadium available as close to Licensees Home
Television Territory as is reasonably possible and acceptable to MLB that is available on
commercially reasonable terms for use by Licensee until the Stadium is again ready to be used
for Home Games; provided, however, that the Parties acknowledge that MLB may relocate
affected Home Games to the stadiums of the Teams respective opponents. Subject to any
scheduling requirements of MLB, and subject to the repairs being reasonably acceptable to
MLB, Licensee shall recommence playing Home Games in the Stadium from the date specified
by Licensor in a written notice delivered at least thirty (30) days before the first Home Game to
be played in the Stadium stating that the repair work has been completed to the extent where the
Stadium can reasonably be used for Licensees Home Games.
17.2. Major Damage Not Repairable. In the event of damage or destruction of the
Stadium so that Licensee cannot reasonably use the Stadium for Home Games, and there are no
insurance proceeds available, or insurance proceeds are available but are less than eighty percent
(80%) of the cost of repairing the damage, or the repairs cannot be performed under applicable
governmental laws, rules and ordinances, or the design and construction work cannot be
reasonably completed within eighteen (18) months after the date of the damage, then for a period
of thirty (30) days after the facts regarding the insurance proceeds and governmental laws are
known to Licensor (which Licensor shall promptly communicate to Licensee) but in no event
more than 120 days following the date of damage, Licensor shall have the right, exercised by
written notice to Licensee within such period to terminate this License or to keep the License in
force and proceed to repair the damage at Licensors cost. If Licensor fails to notify Licensee of
its election within the 30-day period then Licensor shall be deemed to have terminated the
License at Licensees election and immediate notice to Licensor. If Licensor elects to repair the
damage and the work cannot reasonably be completed or in fact is not completed within eighteen

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(18) months after the date of the damage, then Licensee within thirty (30) days after notification
from Licensor of its election to repair the work (if the repairs cannot be reasonably completed
within eighteen (18) months) or within thirty (30) days of Licensee being notified (if the repair
work will not be completed within the eighteen (18) months) that the work will not be completed
within the eighteen (18) months, shall have the right to terminate this License by written notice
to Licensor. If Licensor elects to repair the damage, then the provisions of Paragraph 17.1,
dealing with the repairs and 17.3 dealing with the obligations of Licensee during and after the
repairs are made, shall apply. To the extent that Licensee has paid annual fees in advance under
Paragraph 8.2 for the right to use the Stadium, and as a result of Major Damage, that use is no
longer possible during such quarter, Licensee shall be entitled to a pro rata refund or credit of
fees for the number of months remaining in the quarter for which Licensee has paid fees. During
the time period beginning with the damage and destruction through either the re-opening of the
Stadium or termination of this License, Licensee shall have no liability to pay any fees or
perform its other obligations hereunder with respect to the Stadium.
17.3. Less Than Major Damage. In the event of damage or destruction of the Stadium
and there has not been a material reduction of the seating and/or parking capacity and the playing
field can be configured to meet MLB standards so Licensee can reasonably continue to use the
Stadium for Home Games, then Licensor at its cost shall promptly repair the damage to the
extent possible under applicable laws and shall do all acts required to protect users of the
Stadium from any hazards created by the area damaged or the repair work. During the period of
any such repairs Licensor shall continue to perform all of its obligations hereunder and to the
extent areas of the Stadium are used by Licensee shall use its best efforts to provide temporary
additional areas in the Stadium or Complex where Licensee can continue to perform the
activities previously engaged in the damaged areas. In the event Licensor is unable to reasonably
provide sufficient temporary areas, it shall be Licensees responsibility at its cost to obtain such
facilities as are required outside the Complex. Licensees obligations to pay fees for such
unusable areas shall be reduced on a pro rata basis, and Licensees other obligations hereunder
with respect to such unusable areas shall be abated, until the date repairs have been completed.
17.4. Damage Liability. Licensors obligation to repair any damage shall not relieve
Licensee of any liability to pay to Licensor, whether or not Licensor is required to repair the
damage, the cost of repairing any damage to the extent caused by the negligence or willful
misconduct of Licensee or its owners, employees, agents, or contractors.
17.5. Property Owned by Licensee. Any property owned by Licensee that is damaged
or destroyed shall be repaired or replaced at the cost of Licensee and Licensor shall have no
liability for such costs unless such damage or destruction was caused by the negligence or willful
misconduct of Licensor or Licensors employees or agents.

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18.

INSURANCE

18.1. Licensors Insurance. Licensor must obtain, and continuously maintain, at its
own expense, the following insurance policies.
18.1.1 Workers Compensation.
Workers Compensation insurance in
compliance with state statutory laws, including Employers Liability with minimum limits of:
$1,000,000 Each Accident;
$1,000,000 Disease - Each Employee;
$1,000,000 Disease - Policy Limit
18.1.2
CGL. An Insurance Services Office occurrence based Commercial
General Liability Insurance Policy, including but not limited to contractual liability, personal
injury liability, advertising injury liability and products/completed operations liability coverage
with minimum limits of:
$1 million Each Occurrence;
$2 million General Aggregate;
$2 million Products/Completed Operations Aggregate.
18.1.3 Automobile Liability Insurance. Commercial Automobile Liability
Insurance, covering owned, non-owned, leased or hired automobiles, with a minimum combined
single limit of $1 million Each Accident.
18.1.4 Umbrella Liability Insurance. Umbrella Liability Insurance, in excess
of the limits above, with minimum limits of:
$50,000,000 Each Occurrence
$50,000,000 General Aggregate
18.2. All Risk Insurance. Property insurance on an all risk basis (including
coverage for Certified Acts of Terrorism as defined by and made available by the Terrorism Risk
Insurance Program Reauthorization Act (TRIPRA)) for the Complex and all improvements at
any time situated upon or forming part of the Complex with overall coverage limits on a
replacement cost basis and sub-limits in amounts that are customary, as established using an
appropriate industry standard probable maximum loss analysis (as long as the sub-limits are
commercially reasonably available as jointly determined by Licensee and Licensor).
18.3. General Conditions. All insurance policies must be issued by an admitted
insurance carrier with an A.M. Best rating of A-VIII or better. Licensee and each of its
subsidiaries or affiliated entities, any entity which, now or in the future, controls, is controlled
by, or is under common control with Licensee, and its and their directors, officers and
employees (Additional Insureds) must be named as Additional Insureds under the

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Commercial General Liability (using ISO Form CG 2010 or its equivalent), and Commercial
Automobile Liability and Umbrella Liability Policies. All liability insurance policies must
contain Cross Liability Endorsements, or their equivalents. The General Liability policy shall
include no third-party-over action exclusions or similar endorsements or limitations. No policy
shall contain a deductible in excess of $25,000 and any/all deductibles shall be the sole
responsibility of Licensor and shall not apply to Licensee. All policies shall be endorsed to
provide a waiver of subrogation in favor of the Additional Insureds. All policies shall be
endorsed to provide that in the event of cancellation, non-renewal or material modification,
Licensee shall receive at least thirty (30) days written notice thereof. Licensor shall furnish
Licensee with certificates of insurance evidencing compliance with all insurance provisions
noted above prior to the Signature Date and annually at least ten (10) days prior to the
expiration of each required insurance policy.
18.4. Licensee/League-Wide Insurance.
Licensee shall continuously maintain
sufficient commercial insurance with respect to public liability exposure and for its properties
and business against loss or damage of the kinds customarily insured against by other MLB
clubs, of such types and in such amounts as are customarily carried by other Major League
Clubs and providing that Licensee will endeavor to provide not less than 15 days prior notice to
Licensor of termination, lapse or cancellation of such insurance. Licensor acknowledges that
some or possibly all of Licensees obligations hereunder may be addressed by Licensees
participation in the league-wide insurance facility sponsored by MLB. Regardless of the extent
of the insurance coverages provided to Licensee under said program, Licensee shall have a
separate and independent obligation hereunder to maintain at all times during the Term
minimum insurance coverage equal to the coverages and policy limits set forth in Paragraphs
18.1.1, 18.1.2, 18.1.3, and 18.1.4 and Comprehensive Property Insurance with minimum limits
of $2,000,000 per occurrence and $5,000,000 annual aggregate and providing that the City
Council members, directors, officers, agents, employees and volunteers and the County are
named as Additional Insureds.
18.5. Mutual Release and Waiver of Subrogation. Licensor and Licensee, on behalf
of themselves and all others claiming under them (including any insurer) waive all claims,
demands, or rights of indemnity that either of them may have against the other (including all
rights of subrogation) arising out of damage to any property, real or personal, including the
Stadium and/or Complex, resulting from fire or other casualties that may be covered by the
Parties respective insurance policies required hereunder, no matter what the cause thereof may
be. The Parties waive their respective rights, as set forth herein, because adequate insurance is
to be maintained by each of them to protect themselves against all such casualties and they have
obtained or agree to obtain from their insurance carriers appropriate waiver of subrogation
provisions in all such policies of insurance.
18.6 Certificate of Insurance. Each Party shall furnish to the other, not later than
November 1st of each year, a certificate or certificates of insurance evidencing that (i) the
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insurance policies required under this Paragraph 18 are in full force and effect, including
without limitation coverage of all operations and premises to be used, including the Parking
Areas, and (ii) such Party carries workers compensation insurance as required under this
Paragraph 18.
19.

INDEMNIFICATION

19.1 Indemnification by Licensee. To the fullest extent permitted by applicable law,

Licensee shall indemnify, defend, pay and hold harmless Licensor, City and County and their
respective officers, agents, and employees, and each of their respective successors and assigns
(collectively, Indemnified Licensor Parties) for, from and against any and all Liabilities,
including for any Bodily Injury or Property Damage, whatsoever arising directly out of or
resulting from the following: (a) Licensees material breach of this License; (b) the negligent acts
or omissions of Licensee or its agents, contractors or employees occurring in, on or about the
Stadium or Complex; (c) any failure, malfunction or other occurrence attributable to the Display
Equipment or the Display Equipment Project; or (d) negligence or willful misconduct in
connection with the use, occupancy or operation by any of the Indemnified Licensee Parties of
any part of the Stadium or Complex; provided that such indemnity shall not apply to the extent
any such Liabilities are caused by the negligence or willful misconduct of the Indemnified
Licensor Parties nor to the extent the Indemnified Licensor Parties have expressly undertaken the
obligation to indemnify Licensee for such Liabilities pursuant to the terms of this License.
Notwithstanding any provisions herein to the contrary, the obligations of the Licensee under this
Paragraph 19.1 shall survive the expiration of the Term or any earlier termination of the License.
19.2 Indemnification by Licensor. To the fullest extent permitted by applicable law,
Licensor shall indemnify, defend, pay and hold the Indemnified Licensee Parties (as defined in
Paragraph 3.2) harmless for, from and against any and all Liabilities, including for any Bodily
Injury or Property Damage, whatsoever arising directly out of or resulting from the following:
(a) Licensors material breach of this License; (b) the negligent acts or omissions of Licensor, or
Licensors agents, contractors or employees occurring in, on or about the Stadium or Complex;
or (c) negligence or willful misconduct in connection with the ownership, use, occupancy or
operation by any of the Indemnified Licensor Parties of any part of the Stadium or Complex;
provided that such indemnity shall not apply to the extent any such Liabilities are caused by the
negligence or willful misconduct of the Indemnified Licensee Parties nor to the extent the
Indemnified Licensee Parties have expressly undertaken the obligation to indemnify Licensor for
such Liabilities pursuant to the terms of this License. Notwithstanding any provisions herein to
the contrary, the obligations of the Licensor under this Paragraph 19.2 shall survive the
expiration of the Term or any earlier termination of the License.
19.3 Indemnification Procedure. The Party to whom indemnification is owed
(Indemnified Party) shall give written notice to the Party required to provide indemnification

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under this License (Indemnifying Party) of any action or proceeding for which indemnification
is sought and the Indemnifying Party (at its expense) shall assume the defense of any claim (with
counsel reasonably satisfactory to the Indemnified Party and with the Indemnified Party having
the right, at its expense, to join in any such action or proceeding). The Indemnifying Party shall
not consent to a settlement or entry of any judgment, award or order (1) without the Indemnified
Partys consent, that could affect the intellectual property rights or other business interests of the
Indemnified Party or (2) that does not include an unconditional release (including release under
California Civil Code Section 1542 or other analogous law) from all liability with respect to such
claim or litigation.
19.4 Obligation Reduced by Other Recovery. An Indemnifying Partys duty to pay
an indemnity claim shall, in each instance, be reduced by the amount, if any, that the Indemnified
Party recovers from any third party, including but not limited to as a result of the Indemnified
Party exercising its rights as a third party beneficiary under another agreement or of receiving
insurance proceeds in connection with such indemnity claim. The intent of this provision is that
the Indemnified Party be made as whole as possible without receiving a windfall.
20.

TAXES, ASSESSMENTS AND OTHER IMPOSITIONS

20.1 Taxes and Assessments. With respect to taxes, assessments, fees, charges or
other impositions (collectively, Impositions) applicable to or imposed on the Stadium,
Complex or any other matters that are the subject of this License:
20.1.1. Property Taxes and Assessments. The Parties acknowledge and agree
that the appropriate City of Oakland or County of Alameda entity shall pay any and all real
property Impositions including, without limitation, any transaction privilege tax or other similar
Imposition (collectively, Real Property Taxes) now or in the future levied, assessed or
otherwise payable in respect of the Stadium or Complex or any part thereof. Licensee shall have
no responsibility for any Real Property Taxes.
20.1.2 Licensees Responsibility to Pay All Taxes. Licensee shall pay and is
responsible for all federal, state, City of Oakland and County of Alameda Impositions, including
all income, sales and use taxes, payable on account of revenues reserved to or retained by
Licensee from the operational and use rights granted to, and exercised by, Licensee under this
License.
20.2 Other Impositions. Licensee may deduct from its license fees or other amounts
owed to Licensor any amounts paid by Licensee for any Imposition that is first enacted and
imposed upon Licensee or its operations by either the City of Oakland or the County of
Alameda, or both, after the Signature Date (i.e. that was not in existence as of the Signature

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Date). Provided, however, that Licensee may not deduct any such new Impositions that are
applicable on a non-discriminatory basis throughout City and/or County, as applicable, and that
do not target Licensees operations in a specific manner (for example, Licensee would remain
able to deduct a new City ticket tax specific to professional baseball or professional sports even
if such tax by its plain language applies throughout the City). Nothing in this Paragraph 20.2
shall be interpreted to diminish or detract from any power of the City or the County to enact or
impose taxes, assessments or fees or to immunize Licensee (or patrons) from its obligation to pay
such taxes, assessments or fees, including but not limited to any applicable parking taxes,
payable by Licensee (or patrons) directly to the applicable taxing authority.
21.

LICENSEES INSOLVENCY OR BANKRUPTCY

Without limitation, Licensee shall be in default under this License if: (a) Licensee shall
admit in writing its inability to pay its debts as they mature; (b) Licensee shall make an
assignment for the benefit of creditors or take any other similar action for the protection or
benefit of creditors; (c) Licensee shall give notice to any governmental body of insolvency or
pending insolvency, or suspension or pending suspension of operations; (d) Licensee shall file a
voluntary petition in bankruptcy or shall be adjudicated bankrupt or insolvent; (e) Licensee shall
file any petition or answer seeking any reorganization, arrangement, composition, readjustment,
liquidation, dissolution of other similar relief for itself under any present or future applicable
federal, state or other statute of law relative to bankruptcy, insolvency or other relief for debtors;
(f) a court of competent jurisdiction shall enter an order, judgment or decree approving a petition
filed against Licensee seeking any relief described in the preceding clause (e), and (1) Licensee
acquiesces in the entry of such order, judgment or decree (the term acquiesce shall include,
without limitation, Licensees failure to file a petition or motion to vacate or discharge any order,
judgment or decree within ten (10) days after entry of such order, judgment or decree), or (2)
such order, judgment or decree shall remain unvacated and unstayed for an aggregate of ninety
(90) days, whether or not consecutive, from the date of entry thereof; (g) Licensee shall seek or
consent to or acquiesce in the appointment of any trustee, receiver, conservator or liquidator of
Licensee or of all or any substantial part of Licensees properties or its interest in the Complex;
(h) any trustee, receiver, conservator or liquidator of Licensee or of all or any substantial part of
its property or its interest in this License shall be appointed without the consent or acquiescence
of Licensee and such appointment shall remain unvacated and unstayed for an aggregate of
ninety (90) days, whether or not consecutive; or (i) this License shall be levied upon under any
attachment or execution and such attachment or execution shall remain unvacated and unstayed
for ten (10) consecutive days.
22.

DEFAULT
22.1

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22.1.1 Acts Constituting Defaults. In addition to the events specified as a default

under Paragraph 21 or elsewhere in this License, any material failure of Licensee to perform any
covenant made under this License shall constitute a default hereunder. However, Licensor shall
not commence any action to terminate this License as a consequence of default unless such
default is material and until the period of grace with respect thereto has elapsed.
22.1.2 Cure Period for Monetary Defaults. Subject to the limitation expressed
in Paragraph 22.1.4(c), Licensee shall have a period of ten (10) days from the date of written
notice from Licensor within which to cure any default in the payment of any monetary
obligations of Licensee under this License.
22.1.3 Cure Period for Other Curable Defaults. Licensee shall have a period of
thirty (30) days from the date of written notice from Licensor within which to cure any other
default under this License which is capable of being cured; provided, however, that with respect
to any default which cannot reasonably be cured within thirty (30) days, Licensees grace period
shall extend if Licensee begins actions to cure such default within five (5) business days from
Licensors notice and thereafter prosecutes diligently and continuously to completion all acts
required to cure the default.
22.1.4 Defaults Not Capable of Cure. There shall be no period of grace with
respect to any default by Licensee which is not capable of being cured. Licensor and Licensee
stipulate that the following defaults are not capable of being cured by Licensee: (a) any event
specified as a default under Paragraph 21; (b) other than as provided in Paragraphs 16.1 or 16.2
or in connection with any MLB-approved sale of Team, any unauthorized sale, assignment,
mortgage, pledge, hypothecation, encumbrance or other transfer of this License or any interest
herein; (c) the failure of Licensee to pay license fees under Paragraph 8.1 on the due date thereof
where such failure occurs on more than three (3) consecutive occasions; and (d) any other default
which is generally recognized under California law as being incurable.
22.2 Licensors Remedies. If Licensee fails to cure a default, or in the event of a
default which is not capable of being cured by Licensee, Licensor shall have the following rights
and remedies in addition to any other rights and remedies available to Licensor at law or in
equity:
22.2.1. Right to Injunctive and Other Equitable Relief. Because of the peculiar
and unique nature of MLB, the cost of capital improvements, the unique and specialized use of
the Stadium and the economic impacts on the City of Oakland, County of Alameda, and
Licensor, a default of this License including, without limitation, the covenants contained in
Paragraph 9, cannot be reasonably or adequately compensated for in damages at law and will
cause Licensor great and irreparable injury and damage. In addition to all other remedies under

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this License, Licensor shall be entitled to seek injunctive and other equitable relief to enforce the
provisions of this License.
22.2.2 Right to Terminate Upon Notice. The right to terminate this License by
giving notice to Licensee in accordance with applicable law; and
22.2.3 Right to Enter and Remove. The right and power, as attorney-in-fact for
Licensee, to enter the Complex and remove therefrom all persons and property of Licensee, to
store such property in a public warehouse or elsewhere at the cost of and for the account of
Licensee, and to sell such property and apply the proceeds therefrom pursuant to applicable
California law.
22.2.4 Licensors Right to Cure Default. All covenants and agreements to be
performed by Licensee under the terms of this License shall be performed by Licensee at
Licensees sole cost and expense and without any reduction of fees unless otherwise specifically
provided in this License. If Licensee shall be in default of its obligations under this License to
pay any sum of money other than fees or to perform any other act hereunder, and if such default
is not cured within the applicable grace period, Licensor may, but shall not be obligated to,
make any such payment or perform any such act on Licensees part without waiving its rights
based upon any default of Licensee and without releasing Licensee from any of its obligations.
All sums so paid by Licensor and all incidental costs, together with interest thereon at the
maximum legal rate of interest under California law from the date of such payment or the
incurrence of such cost by Licensor, whichever occurs first, shall be paid promptly by Licensee
to Licensor on demand. In the event of nonpayment by Licensee, Licensor shall have, in
addition to any other rights or remedies hereunder, the same rights and remedies as in the case
of default by Licensee for the nonpayment of license fees.
22.3

Licensors Default.

22.3.1 Acts Constituting Default. Licensor shall be in default of this License if it

fails to perform its material obligations hereunder so profoundly that its dereliction causes major
damage within the meaning of Paragraph 17.1.
22.3.2 Licensee Remedies. If Licensee establishes in a Paragraph 38 proceeding
that such a default by Licensor has not been cured or is not curable, Licensee, in addition to any
other remedy it may have under this License, at law or in equity, may terminate this License
under Paragraph 17.2, with no further obligation. Until and unless Licensee proves such a
default and obtains a final judgment confirming an arbitral determination of it, Licensee shall
continue to pay all fees owing under Paragraph 8.1 and to perform its obligations under this
License.

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23.

CONDEMNATION

23.1 Area Taken. If all or any part of the Complex is taken for public or quasi-public
use by the right of eminent domain or transferred as a result of the threat of exercise of the right
of eminent domain, referred to as a Taking, this License as to the area taken shall cease and
terminate effective the date the condemning authority acquired possession of the area taken.
23.2 Partial Taking. Licensee may terminate this License without paying future
license fees or other payments yet to be paid to Licensor upon any partial Taking of the Complex
that unreasonably interferes with Teams ability to play Home Games and otherwise operate in a
manner comparable to that which existed prior to the Taking. If Licensee does not terminate,
Licensees fees due shall be reduced to account for the adverse effect of such partial Taking.
23.3 Award. All proceeds of any award or settlement in compensation for the Taking
shall be paid to Licensor except that to the extent any portion of the award is for property owned
or interests possessed by Licensee, such portion shall be paid to Licensee.
24.

PARTIES AS INDEPENDENT CONTRACTORS

Each Party shall be and remain an independent contractor with respect to all services
performed under this License, and nothing herein contained shall make, or be construed to make,
Licensor or Licensee a partner of one another nor shall this License be construed to create a
partnership or joint venture between the Parties or any other parties referred to herein.
25.

NON-WAIVER

No delay or omission to exercise any right or remedy accruing to Licensor or Licensee,

respectively, shall impair any right, power or remedy granted to Licensor or Licensee,
respectively, or be construed to be a waiver of any similar or subsequent breach or default,
provided that neither Party may exercise any right or remedy if such Party has delayed or omitted
to exercise such right or remedy for a period that would cause the other Party justifiably and
detrimentally to rely on the fact that such right or remedy would not be exercised. Any waiver of
either Party of a breach by the other Party shall not be or construe to be, a waiver of any
subsequent breach. No waiver shall be implied and each and every waiver of any kind by
Licensor or Licensee, respectively, of any provision or condition of this License must be written
and signed by Licensor or Licensee, respectively.

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26.

WAIVER OF PERSONAL LIABILITY

All Liabilities under this License on the part of Licensor or Licensee are solely the
Liabilities of the entities that are Licensor and Licensee, and each Party hereby releases each and
every parent, owner, officer, director, and employee of the other from any personal or individual
liability for the obligations of the entity with which they are affiliated under this License.
27.

FORCE MAJEURE

27.1 Description. Subject to the specific conditions hereinafter set forth, neither
Licensor nor Licensee shall be obligated to perform any term or condition of this License on its
part to be performed and their time of performance shall be extended by the number of days
elapsing during the period such performance is prevented by fire, earthquake, flood, act of God,
strikes or other labor disputes involving Licensor, Licensee, or other teams scheduled to play
Home Games, riots or civil commotions, or acts of terrorism (collectively, Force Majeure
Cause); or by any law, rule, regulation, ordinance or order of any governmental authority
resulting from the existence of war (including hostilities with or without a formal declaration of
war) either prohibiting the playing of professional baseball games or limiting and restricting
travel by public conveyances (including train, airplane or bus) to such an extent as to prevent
Licensee (exercising due diligence) from substantially complying with its MLB schedule
(collectively, War Cause). Except as otherwise expressly provided in this License, this
License shall not terminate by reason of the occurrence of any Force Majeure Cause or War
Cause, irrespective of whether or not the Stadium becomes untenantable, provided, however, that
in the event of the duration of any Force Majeure Cause or War Cause in excess of one year,
Licensor and Licensee shall each have the option to terminate this License upon forty-five (45)
days prior written notice. Nothing in this Paragraph 27.1 shall operate to obligate either Party to
perform any act after the expiration of this License, except where such Party owes the other
Party a payment delayed by a Force Majeure Cause or War Cause.
27.2 Effect. For any period during the Term during which Licensee is prevented by
reason of any Force Majeure Cause or War Cause from playing Home Games in the Stadium in
accordance with the MLB schedule, Licensee may play the Home Games in any other
comparable stadiums located in the Home Television Territory and acceptable to MLB that are
available for use by Licensee and if no such stadium is reasonably available on commercially
reasonable terms in the Home Television Territory, then in the stadium that is available on
commercially reasonable terms as close to the Home Television Territory as is reasonably
possible and acceptable to MLB; provided, however, that the Parties acknowledge that MLB
may relocate affected Home Games to the stadiums of the Teams respective opponents.
Licensees obligations hereunder, including its obligations to pay any amounts, shall abate with
respect to Home Games played in other stadiums and Licensor shall refund to Licensee an

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aliquot portion of fees already paid by Licensee based on the rights lost by Licensee as a result of
the Force Majeure Cause or War Cause.
27.3 Right to Use. Licensor shall have, and hereby reserves, the right to use the
Stadium for any purpose, other than professional baseball, with the consent of Licensee during
any period that Licensee is prevented by any Force Majeure Cause or War Cause from playing
Home Games in the Stadium. All revenue received by Licensor during any such period shall be
retained by Licensor and Licensee shall not be entitled to any part thereof. Licensee shall have
the right to schedule both baseball and non-baseball events during any such period in accordance
with Licensees rights as provided in this License.
28.

[RESERVED]

29.

CALIFORNIA LAW

The terms and conditions of this License shall be governed by and construed in
accordance with the laws of the State of California. Alameda County, California shall be the
exclusive venue for any dispute between the Parties.
30.

PARAGRAPH HEADINGS

The paragraph headings are inserted herein only as a matter of convenience and for
reference and in no way are intended to be a part of this License or to define, limit or describe
the scope or intent of this License or the particular paragraphs to which they refer. Where
contextually appropriate and unless otherwise specified: (a) the singular shall include the plural
(and vice versa) and the masculine or neuter gender shall include the feminine gender (and vice
versa) where the context so requires; (b) locative adverbs such as herein, hereto, and
hereunder shall refer to this License in its entirety and not to any specific section or Paragraph;
(c) the terms include, and including, shall be construed as though followed immediately by
the phrase but not limited to; and (d) shall, will, and must are mandatory and may is
permissive. The Parties have jointly participated in the negotiation and drafting of this License,
and this License shall be construed fairly and equally as to the parties, without regard to any
rules of construction relating to the Party who drafted a particular provision of this License.
31.

INTEGRATION

This License supersedes in their entirety the 1995 License Agreement and all other prior
written or oral understandings or agreements, and constitutes the sole and entire agreement
between Licensor and Licensee.

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32.

AMENDMENTS

No alteration, amendment or modification of this License shall be valid unless set forth in
a written instrument signed by both Parties and, where necessary, approved by the City of
Oakland and the County of Alameda, and for which all necessary MLB Approvals have been
obtained in advance thereof.
33.

TIME AND NOTICE

33.1 Time. Time is of the essence for this License and all of its provisions. All
references in this License to days shall mean calendar days unless expressly referred to as
business days.
33.2 Form. All notices, or other communications required or permitted to be given
pursuant to this License shall be in writing and shall be considered as properly given or made if
delivered personally or by messenger or mailed from within the United States via first class U.S.
mail (postage prepaid, with delivery deemed made on the third day following deposit thereof in
the United States mail) or generally-accepted overnight carrier, or sent by electronic or facsimile
transmission, the delivery of which is capable of verification, and sent to the intended recipient at
the following addresses or numbers (such contact information may be changed at any time by
either Party upon written notice to the other Party and without a formal amendment to this
License):
If to LICENSOR:
Deena McClain
Executive Director
General Counsel
Oakland-Alameda County Coliseum Authority
7000 Coliseum Way
Oakland, California 94621
Fax: (510) 383-2460
dgmcclain@gmail.com
34.

If to LICENSEE:
Neil Kraetsch
General Counsel
Oakland Athletics
7000 Coliseum Way
Oakland, California 94621
Fax: (510) 430-9757
nkraetsch@oaklandathletics.com

BINDING AND INUREMENT EFFECT

This License shall bind and inure to the benefit of the Parties and their proper respective
successors and assigns under this License.
35.
PAYMENTS
Any amounts payable under this License shall be paid in immediately available lawful
money of the United States of America. Any amount due to either Party that is not paid when

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due shall bear interest from the due date until paid at lesser of the rate specified in any other
particular provision of this License or the maximum legal rate permitted under California law.
36.

RIGHT OF ENTRY

Licensor and Licensors employees and agents shall have the right to enter the Complex
at any reasonable time to inspect it, to supply any service Licensor is required to provide, to alter,
improve or repair the areas or the Stadium including locating tools, scaffolds, equipment and
other items required for the work to be performed. To avoid unnecessary disruption with
Licensees rights under this License, Licensor shall provide reasonable advance notice to
Licensee of any such alteration, improvement, or repair and shall cause the work to be performed
expeditiously and shall otherwise cooperate with Licensee to minimize interference with
Licensees use of the Stadium. Licensor represents and warrants to Licensee that none of
Licensors employees will take any intellectual property or trade secrets of Licensee.
37.

COMPLIANCE WITH LAWS

Licensor and Licensee shall each comply with all applicable laws (including any legallyrequired construction or installation permitting requirements) in connection with the performance
of their respective obligations under this License. Licensee shall not create or permit to exist any
nuisances or waste of the areas licensed under this License. Licensor and Licensee shall
cooperate, in a reasonable manner, to maximize convenience to persons attending Licensee
Events and Licensor Events.
38.

ARBITRATION

38.1. JAMS. Any dispute, claim or controversy arising out of or relating to this
License or the breach, termination, enforcement, interpretation or validity thereof, including the
determination of the scope or applicability of this agreement to arbitrate, shall be determined by
arbitration in Oakland, California before a single arbitrator. The arbitration shall be administered
by JAMS, Inc. pursuant to its Comprehensive Arbitration Rules and Procedures and in
accordance with the Expedited Procedures in those Rules. Judgment on the Award may be
entered in any court having jurisdiction. This clause shall not preclude the Parties from seeking
provisional remedies in aid of arbitration from a court of appropriate jurisdiction.
38.2 Attorneys Fees and Costs. The prevailing Party in any arbitration shall be
entitled to recover from the other Party all expenses of the arbitration, including reasonable
outside attorneys fees and costs incurred in the arbitration.

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39.

SEVERABILITY

If any provision of this License or the application thereof to any person or circumstance
is invalid or unenforceable to any extent, the remainder of this License and the application of
such provision to other persons or circumstances shall not be affected thereby and shall be
enforced to the greatest extent permitted by law.
40.

MLB RULES AND REGULATIONS

40.1. Priority of MLB Rules. Notwithstanding any other provision of this License
(including without limitation Paragraphs 11 and 15), but subject to the provisions of this
Paragraph 40.1, this License and any rights or exclusivities granted by Licensee hereunder shall
in all respects be subordinate to the MLB Rules and Regulations. Licensee represents and
warrants that, as of the Signature Date, and based upon Licensee's confirmation of the same with
MLB, License is not aware of anything in any MLB Rules and Regulations that conflicts with
anything in this License. During the Term, License also shall provide prompt written notice to
Licensor of anything in the MLB Rules and Regulations that comes into conflict with anything in
this License. Nothing in this Paragraph 40.1 shall empower MLB to nullify any of Licensees
license fee or other direct financial commitments hereunder. Without limiting the preceding
sentence, if the MLB Rules and Regulations or any act or omission of Licensee taken to comply
with them has a material adverse impact on the rights of Licensor under this License, then
Licensor shall have remedies against Licensee for damages (but not for injunctive relief, specific
performance or other remedy which would prevent Licensee's compliance with the MLB Rules
and Regulations) and for indemnification.
40.1.1. MLB Entities/Licensor Rights. The issuance, entering into, amendment
or implementation of any of the MLB Rules and Regulations shall be at no cost or liability to any
MLB Entity or to any individual or entity related thereto. The territory within which Licensor is
granted rights is limited to, and nothing herein shall be construed as conferring on Licensor
rights in areas outside of, Teams Home Television Territory. No rights, exclusivities or
obligations involving the Internet or any interactive or on-line media (as defined by the
applicable MLB Entities) are conferred by this License, except as are specifically approved in
writing by the applicable MLB Entities.
40.1.2. No Termination During Baseball Season. Notwithstanding anything to
the contrary herein (including without limitation Paragraph 22.2), in no event may Licensor
terminate Licensees rights under this License with an effective date at any time during any
Baseball Season.

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40.1.3. MLB Approval. This License is subject to MLB Approval, and no

amendment of this License may be made without first obtaining all necessary MLB Approvals in
accordance with Paragraph 32.
40.2. Amendments to Conform to MLB Rules. If any provision of this License shall at
any time during the Term violate any of the MLB Rules and Regulations, the Parties shall work
with one another in good faith to amend this License to maintain its intended purpose but comply
with such applicable MLB Rules and Regulations.
41.

CONSENT

Whenever either partys consent or approval is required hereunder, such consent of

approval shall not be unreasonably withheld, except for instances in which by the express
language hereof a party has absolute discretion in withholding consent or approval.
42.

MISCELLANEOUS

42.1.
following:

Athletic Facilities Warning. California Civil Code Section 1812.97 provides the

Warning: Use of steroids to increase strength or growth can cause serious

health problems. Steroids can keep teenagers from growing to their full
height; they can also cause heart disease, stroke, and damaged liver function.
Men and women using steroids may develop fertility problems, personality
changes, and acne. Men can also experience premature balding and
development of breast tissue. These health hazards are in addition to the civil
and criminal penalties for unauthorized sale, use, or exchange of anabolic
steroids.
Licensee shall post such notice conspicuously in all locker rooms used by Team or any other
MLB Club during the Term.
42.2. Licensees Office Space. Licensor shall continue to provide Licensee throughout
the Term, at no cost to Licensee, the identical office space and storage located at 7000 Coliseum
way on the Complex that as of the Signature Date is designated for Licensee use and/or that
Licensee in fact uses with the knowledge and consent of Licensor. If such office space or storage
or any part thereof becomes unavailable because of any Licensor event outside of Licensors
control, Licensor shall provide Licensee with reasonably comparable office space and/or storage
to replace the portion so affected.
42.3. Community Affairs. Licensee will provide for the continuation of the Oakland
As Community Fund (as defined in Paragraph 44.26) and the general nature of the activities in
which it engages.

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42.4. Execution in Counterparts. This License may be executed in any number of

counterparts, each of which shall be deemed to be an original and all of which together shall
constitute one and the same agreement. The Parties shall be entitled to rely upon facsimile or
electronic copies of the Parties signatures to this License and any instrument executed by the
Parties in connection with this License.
42.5. No Third Party Beneficiary. This License is made solely for the benefit of the
Parties and their respective successors and permitted assigns, and no other person or entity shall
have or acquire any rights or remedies under this License, except as otherwise expressly
provided in this License. Notwithstanding any provision herein to the contrary, nothing in this
License shall render Licensor responsible or liable to Licensee or any Licensee Affiliate for any
acts or omissions of the Raiders.
42.6. Effectiveness. This License shall become effective only when signed and
delivered by both Parties, which the Parties acknowledge and agree shall not occur before the
this License is approved by the City and the County and all necessary MLB Approvals have been
obtained.
43.

CONTINUED STADIUM DISCUSSIONS

Licensee and Licensor (or Licensors designee) shall continue to engage in good faith
discussions concerning the development of a new baseball stadium for use by the Licensee that
would be a permanent home for the Oakland Athletics, provided that such discussions shall
solely focus on the development of a new baseball stadium that would be located on land within
or immediately adjacent to current Complex property. If agreement is reached on development of
such a stadium, the Parties will renegotiate any terms of this License Agreement that may need
to be modified or eliminated in order to facilitate the construction of the new stadium. The
Parties discussions concerning a possible new stadium will continue during the Term until
Licensee communicates to Licensor that Licensee has made a decision on a permanent baseball
stadium at another location or until Licensor provides Licensee notice of early termination (as
provided in Paragraph 7.2.2.) in connection with a Raiders Construction Plan.
44.

DEFINITIONS

The following words and phrases have the following meanings as used in this License.
As used in context throughout this License, the singular and plural forms of the following words
and phrases shall apply to one another and the definitions shall apply to all generally recognized
variances of the words and phrases defined.
44.1.

ADA Issue means as defined in Paragraph 5.7.4.

44.2. Affiliate means, as applied to any Person, the Person and any Person directly or
indirectly Controlling, Controlled by, or under common Control with, the Person or a blood

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relative or spouse of such Person, if such Person is a natural person. For purposes of this
definition, Control, Controlled, and Controlling, as applied to any Person, means the
possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of the Person, whether through the ownership of voting securities, by contract or
otherwise. With respect to Licensee, the term Affiliate specifically includes without limitation
Athletics Holdings LLC, Bay Area Sports Catering LLC, and the Oakland As Community Fund.
44.3. Areas Licensed means all such areas of the Stadium and the Complex as are
licensed to Licensee for its use according to the terms of Paragraph 4.
44.4.
the Arena.

Arena Event means any event sponsored or organized by Licensor and held at

44.5. Baseball Season means the period of time during each calendar year in which
(i) Licensee plays any Oakland-based pre-season Spring Training and/or other exhibition games
and (ii) MLB schedules to be played the MLB Championship Season (i.e., Regular Season
Games and Tie-Breaker Games as such terms are commonly understood in MLB) and any MLB
Postseason (i.e., the Wild Card Games, Division Series Games, League Championship Series
Games and the World Series Games, as such terms are commonly understood in MLB) in which
the Team participates.
44.6. BOC means the Office of the Commissioner of Baseball, an unincorporated
association comprised of the Major League Clubs who are party to the Major League
Constitution, and any successor organization thereto.
44.7. Bodily Injury means bodily injury, sickness or disease sustained by a person,
including death resulting from any of the foregoing.
44.8. Commissioner means the Commissioner of Baseball as elected under the Major
League Constitution or, in the absence of a Commissioner, any Person succeeding to the powers
and duties of the Commissioner pursuant to the Major League Constitution.
44.9.

Display Equipment means as defined in Paragraph 11.2.

44.10. Dual Event Day means as defined in Paragraph 6.3.

44.11. Home Game means any Regular Season game or postseason game in which the
Team participates, in addition to any MLB Jewel Event, in which the Team, or in the case of
an MLB Jewel Event, the American League, acts as the host team for its opponent (that is, takes
the field in the first half of each inning and bats in the last half of each inning of such game).
44.12. Home Television Territory means the area within which Licensee has television
and marketing rights under MLB Rules and Regulations as may be amended by MLB from time
to time, which is defined as of the Signature Date, as (a) the northern half of California from the

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northern border of San Luis Obispo, Kern and San Bernardino counties, (b) the State of Nevada;
(c) the southern Oregon counties of Coos, Curry, Jackson, Josephine, Klamath, Lake, Douglas,
Harvey and Malheur, and (d) the State of Hawaii.
44.13. Interior Facing means any and all signage or prospective signage that is or
would be attached to the Stadium structure or score/video board structures (including the
score/video board(s) themselves) and faces the interior of the Stadium or any part(s) thereof
(including without limitation within the seating bowl and all suites, entryways, concourses,
walkways, stairwells, hallways, elevators, doorways and other interior areas of the Stadium
outside of the seating bowl).
44.14. Liabilities means all liabilities, claims, damages, losses, penalties, litigation,
demands, causes of action (whether in tort or contract, in law or equity or otherwise), suits,
proceedings, judgments, disbursements, charges, assessments and expenses (including
reasonable attorneys and expert fees and expenses incurred in investigating, defending or
prosecuting any litigation, claim or proceeding, whether in or out of court).
44.15. Licensee Event means any Home Game or Other Event.
44.16. Licensor Event means any event organized or sponsored by Licensor hereunder
that takes place in the Stadium, including, without limitation, any preseason, regular season or
postseason game or event of the Oakland Raiders of the National Football League.
44.17. Maintain or Maintenance means status quo maintenance, as such status quo
maintenance is described on attached Exhibit C, required to keep the referenced areas, structures
and equipment in good working order, which may include replacement of structures or
equipment to be maintained. Where Maintenance may call for the replacement of some structure
or equipment and the only available replacement item is an improvement or a more advanced
version of the item being replaced, the Licensor shall have an obligation to provide it even
though it might be considered an upgrade rather than a matter of Maintenance. However,
nothing herein shall obligate Licensor to Maintain or upgrade in any way the Display Equipment,
which system Licensee has undertaken to install, Maintain and Repair pursuant to Paragraph
11.2.
44.18. Major League Baseball or MLB means, depending on the context, any or all
of (i) the BOC, each other MLB Entity and/or all boards and committees thereof, including,
without limitation, Executive Council and the Ownership Committee, and/or (ii) the Major
League Clubs acting collectively.
44.19. Major League Baseball Club or Major League Club means any professional
baseball club that is entitled to the benefits, and bound by the terms, of the Major League
Constitution.

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44.20. Major League Constitution means the Major League Constitution adopted by
the Major League Clubs (which amended and superseded the Major League Agreement dated
January 1, 1975, the Agreement in re Major Leagues Central Fund dated as of December 8,
1983, as amended, and the respective constitutions of the former American and National Leagues
of Professional Baseball Clubs) as the same may be amended, supplemented or otherwise
modified from time to time in the manner provided therein and all replacement or successor
agreements that may in the future be entered into by the Major League Clubs.
44.21. MLB Agency Agreement means the Amended and Restated Agency
Agreement, effective as of January 1, 2013, by and among Major League Baseball Properties,
Inc., the various Major League Baseball Clubs and the BOC (and the Operating Guidelines
related thereto), as may be amended, supplemented or otherwise modified from time to time.
44.22. MLB Approval means, with respect to the Major League Baseball Clubs, the
Commissioner, the BOC or any other MLB Entity, any approval, consent or no-objection letter
required to be obtained from such Person(s) pursuant to the MLB Rules and Regulations (as
exercised in the sole and absolute discretion of such Person(s)).
44.23. MLB Entity means each of the BOC, Major League Baseball Enterprises, Inc.,
Major League Baseball Properties, Inc., The MLB Network, LLC, MLB Advanced Media, L.P.,
and/or any of their respective present or future affiliates, assigns or successors.
44.24. MLB Governing Documents means the following documents as in effect from
time to time and any amendments, supplements or other modifications thereto and all
replacement or successor documents thereto that may in the future be entered into: (a) the Major
League Constitution, (b) the Basic Agreement between the Major League Baseball Clubs and the
Major League Baseball Players Association, (c) the Professional Baseball Agreement between
the BOC, on behalf of itself and the Major League Baseball Clubs, and the National Association
of Professional Baseball Leagues, (d) the Major League Rules (and all attachments thereto), (e)
the Interactive Media Rights Agreement, effective as of January 20, 2000, by and among the
BOC, the various Major League Baseball Clubs, MLB Advanced Media, L.P. and various other
MLB Entities and (f) each agency agreement and operating guidelines among the Major League
Baseball Clubs and any MLB Entity, including, without limitation, the MLB Agency Agreement.
44.25. MLB Rules and Regulations means (a) the MLB Governing Documents, (b)
any present or future agreements or arrangements entered into by, or on behalf of, the BOC, any
other MLB Entity or the Major League Baseball Clubs acting collectively, including, without
limitation, agreements or arrangements entered into pursuant to the MLB Governing Documents,
and (c) the present and future mandates, rules, regulations, policies, practices, bulletins, by-laws,
directives or guidelines issued or adopted by, or behalf of, the Commissioner, the BOC or any
other MLB Entity as in effect from time to time.

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44.26. Oakland As Community Fund means the charitable trust by the same name that
exists as a tax-exempt charitable organization under section 501(c)(3) of the Internal Revenue
Code and is registered with the California Registry of Charitable Trusts.
44.27. Operating Territory means the Operating Territory assigned to Team in the
MLB Constitution, which as of the Signature Date consists of Alameda and Contra Costa
Counties.
44.28. Other Event means as defined in Paragraph 5.10.2.
44.29 Parking Area means the collective of the parking lots, access roads and
gates/access points that are located within the Complex.
44.30. Person means any natural person, corporation, limited partnership, general
partnership, joint stock company, joint venture, limited liability company, limited liability
partnership, trust, land trust, business trust, municipal corporation, municipality and other
organization, whether or not a legal entity.
44.31. Property Damages means physical injury to tangible property, including all
resulting loss of use of the property, or loss of use of tangible property not physically injured.
44.32. Raiders Construction Plan means a bona fide plan for construction of a new
football stadium for the Oakland Raiders on current Complex property, adjacent to the current
Complex property, or otherwise located sufficiently near to the Stadium such that it will
materially impact Licensees operations, which bona fide plan must include, as pertains to such
stadium project, a fully executed development agreement with a third-party developer and the
Licensor for development of a new Raiders stadium, supported by a deposit(s), in the form of
cash or cash equivalents and/or a performance bond(s), from the developer and received by the
Licensor in the sum of at least Twenty Million Dollars ($20,000,000.00), of which at least Ten
Million Dollars ($10,000,000.00) is non-refundable to the developer.
44.33. Regular Season means, for each MLB Championship Season, the period
beginning on the date of the first Regular Season Game (as such term is commonly understood in
MLB) and ending on the date of the last Regular Season Game (including any game played to
break a tie pursuant to Major League Rule 33(c)).
44.34. Repair means any work, generally non-recurring and non-periodic in nature,
required to repair or restore to operational status and good working order the referenced areas,
structures and equipment so that they remain in a good state of repair, including replacement of
the item required to be repaired to a level of quality that existed prior to the need arising for
replacement (except for items specifically provided in this License that are not required to be
replaced). Where the only available replacement for any structure or equipment required to be
repaired is a improvement or a more advanced version of the item being replaced, the Licensor

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shall have an obligation to provide it even though it might be considered an upgrade rather than a
Repair. However, nothing herein shall obligate Licensor to Repair or upgrade in any way the
Display Equipment, which Licensee has undertaken the obligation to install, Maintain and Repair
pursuant to Paragraph 11.2.
44.35. Scoreboard Caps means as defined in Paragraph 11.3.3.1.
44.36. Signature Date means the date of last execution by all signatories listed on the
signature page hereof.
44.37 Stadium means the dual-use stadium located on Complex grounds and currently
serving as the home venue of the Oakland Athletics and Oakland Raiders.
44.38. Stadium Maintenance Fund means as defined in Paragraph 5.7.1.
44.39. Team means the Oakland Athletics franchise of Major League Baseball.
44.40. Term means as defined in Paragraph 7.1.

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IN WITNESS WHEREOF, the following parties have caused this License to be duly executed as
of the date of the last signature below:
LICENSOR:
OAKLAND-ALAMEDA COUNTY COLISEUM AUTHORITY

________________________________
By:
Nate Miley
Its:
Chairman
Date:
LICENSEE:
ATHLETICS INVESTMENT GROUP LLC
By:
Lewis N. Wolff
Its:
Manager
Date:

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EXHIBIT A
TO
STADIUM LICENSE AGREEMENT

DIAGRAM OF COMPLEX

[SEE ATTACHED]

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EXHIBIT B
TO
STADIUM LICENSE AGREEMENT

DUAL EVENT PARKING ALLOCATIONS

The procedure for the allocation of parking on Dual Event Days shall be as follows:
The per capita for Licensee Events per car will be 4.25 and the per capita for Licensor Events
will be 3.23 for the 2014 calendar year.
For a Dual Event Day, the steps to allocate parking are:
1. Divide the attendance for Licensee Events by 4.25 to achieve the potential parking car
count. Divide the total of Licensor Events by 3.23 to achieve the potential parking car
count.
2. Add the two potential car counts and then calculate the percentage relationship of
Licensee Events and the Licensor Events to the total car potential.
3. Allocate the total cars recorded by the Parking Area operator by the respective
percentages.
At the conclusion of each Baseball Season, the Parties will review Licensee Events and Licensor
Events for non-dual events and adjust the per-capita figures for the subsequent Baseball Season
if necessary.

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EXHIBIT C
TO
STADIUM LICENSE AGREEMENT

DESCRIPTION OF STATUS QUO MAINTENANCE

[TO FOLLOW]

1
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